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From the following details find the current ratio of ABC Ltd. Cash in hand Rs. 5000, Stock in trade Rs. 15,000, Trade Debtors RS.

 

From the following details find the current ratio of ABC Ltd. Cash in hand Rs. 5000, Stock in trade Rs. 15,000, Trade Debtors RS. 5000, Prepaid Expenses A/c Rs. 3000, Plant Rs.20,000, Miscellaneous expenses to be written off Rs. 2000, Creditors Rs. 10,000, Bills payable Rs. 3000, Outstanding Expenses Rs. 1000, Capital 30, 000, Profit and surplus Rs. 6000 A 1:2 B 3:2 C 2:1 D 3:1

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