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Based on the Above Figures, What Is the Quick Ratio

Question 11

Multiple Choice

£Trade payales35,000Trade receivales28,000cash and cash equivalents15,000Taxation repayale to the campary12,000Inventory14,000Accruals6,000\begin{array}{l}\begin{array} {lll } &£\\\text {Trade payales}&35,000\\\text {Trade receivales}&28,000\\\text {cash and cash equivalents}&15,000\\\text {Taxation repayale to the campary}&12,000\\\text {Inventory}&14,000\\\text {Accruals}&6,000\\\end{array}\end{array} Based on the above figures, what is the quick ratio?


A) 0.81:1
B) 1.05:1
C) 1.34:1
D) 1.68:1

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