The following information was taken from the books of ABC Ltd: $31/12/202331/12/2022$ RRInventoryPurchasesTrade and other payablesInvestmentsFurnitureVehiclesSalesCustoms and exciseBank Overdraft Trade and other receivables$150000765000200160600003500075000900000300008400041320121110120000680000114224600006000030000750000250006500050000100810$ ADDITIONAL INFORMATION R$6000$ interest was paid during $2023,$ while no interest was received. All purchases are on credit, and $25\%$ of the sales are for cash. Assume $365$ working days per annum.RequiredCalculate the acid test ratio for the year ended $31$ December $2023$;Question $7$ Answera.a$)0\mathrm{.}5$:$1$ timesb.a$)0\mathrm{.}4$:$1$ timesc.a$)0\mathrm{.}3$:$1$ timesd.a$)0\mathrm{.}6$:$1$ times