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Aspect Ltd Has the Following Balance Sheet Figures A) 2:1
B) 1

Question 24

Multiple Choice

Aspect Ltd has the following balance sheet figures.The current ratio is:
 Total current assets $450000 Total current liabilities 150000 Inventory 200000 Bank overdraft 30000 \begin{array}{lr}\text { Total current assets } & \$ 450000 \\ \text { Total current liabilities } & 150000 \\ \text { Inventory } & 200000 \\ \text { Bank overdraft } & 30000\end{array}


A) 2:1
B) 1.67:1
C) 3.75:1
D) 3:1

Correct Answer:

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