1.A small enterprise has the following extracts from the Statement of Financial Position.

Non-current Liabilities 100,000

Inventory 35,000

Trade Payables 260,000

Trade Receivables 145,600

Cash 265,000

Accruals 5,000

Calculate the Current Ratio

A 1.32

B 1.22

C 1.55

D 1.68

2.

A business has Current Assets 35,000; Non-current Assets 50,000; Current Liabilities 15,000; Capital 45,000 and Long-term Liabilities 25,000. Which of the following is correct?

A Working Capital 20,000

B Net Assets 40,000

C Net Assets 85,000

D Working Capital 45,000