Accountancy........
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Answer:
current ratio 2.8:1
Explanation:
CURRENT ASSET :
sundry debtors 210000
short term investment 30000
cash in hand 40000
prepaid expenses 20000
stock 50000
CURRENT LIABILITIES :
outstanding expenses 50000
sundry creditor 50000
Bill's payable 25000
current ratio = current asset/current liabilities
= 350000/125000
= 2.8:1
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