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Based on the Above Figures, What Is the Quick Ratio

Question 4

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£Trade payales40,000Trade receivales45,000cash and cash equivalents15,000Taxation parale20,000The partion af lang-term barrawings repayable15,00015,000 within 12 manths of the year end dateIrvertory20,000\begin{array}{l}\begin{array} {lll } &£\\\text {Trade payales}&40,000\\\text {Trade receivales}&45,000\\\text {cash and cash equivalents}&15,000\\\text {Taxation parale}&20,000\\\text {The partion af lang-term barrawings repayable}&15,000\\ \text {15,000 within 12 manths of the year end date}\\\text {Irvertory}&20,000\\\end{array}\end{array} Based on the above figures, what is the quick ratio?


A) 0.80:1
B) 1:1
C) 1.07:1
D) 1.25:1

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