9.25 Tadcaster Terrier Limited has the following current assets and current liabilities in its statement of financial position at 31 May 20X7:

£

Inventory 88,700 Trade payables 90,450 Trade receivables 85,210 Bank overdraft 16,790 What is the current ratio (working to two decimal places) for Tadcaster Terrier Limited?

a) 1.62:1

b) 0.62:1

c) 1.90:1

d) 0.79:1