Question 8 Which of the following statements best defines the current ratio? A B C D The ratio of current assets to current liabilities. For most businesses, it should ideally be about 2 The ratio of current assets to current liabilities. For the majority of businesses, it should ideally be about 1 The ratio of current assets excluding inventory to current liabilities. For the majority of businesses it should ideally be about 1 The ratio of current assets excluding inventory to current liabilities. For the majority of businesses it should ideally be about 2