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Find what will be current ratio

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Reference no: EM132599307

Data for a firm is presented below: As on December 31 £ '000s- Cash 120- Accounts receivable 400- Inventory 1400- Accounts payable 350- Taxes payable 250- loan payable (short term) 200

Question 1: What will be current ratio:

A. 2.6

B. 2.4

C. 1.4

D. None of the above

Reference no: EM132599307

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