9.5 Trixie Stores Limited has the following current asset and current liability items in its statement of financial position at 31 December 2012:

£

Inventory 18 370 Trade receivables 24 100 Cash in hand 70 Trade payables 15 450 Bank overdraft 6 400 What is the current ratio (working to 2 decimal places) for Trixie Stores Limited?

a) 1.95:1

b) 1.11:1

c) 0.51:1

d) 0.90:1.