7. The most recent year-end working capital position of Clipper Ltd is shown below: Current assets: Inventory 4,000 Trade receivables 11,200 Bank account ? Current liabilities: Trade payables Bank overdraft 8,000 ? If the current ratio of Clipper Ltd, at its year-end is 2:1. The closing bank balance of the business, therefore, is: a 500 in credit (current asset) b. 500 overdrawn (current liability) c. 4,750 overdrawn (current liability) d. 7,750 in credit (current asset)