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A company's balance sheet shows the following relationships: Current ratio: 3.0 times Acid-test ratio: 2.5 times Current assets to non-current assets: 1:2 The total assets

A company's balance sheet shows the following relationships:

Current ratio: 3.0 times

Acid-test ratio: 2.5 times

Current assets to non-current assets: 1:2

The total assets of the business are £27 million.

What is the value of the inventories as shown on the balance sheet?

a. £3.25 m

b. £4.5 m

c. £1.5 m

d. £3 m

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