Use the following to answer the given question
₦ | |
Premises | 100,000 |
Plant | 50,000 |
Fixtures | 30,000 |
Stock | 2,000 |
Debtor | 10,000 |
Cash | 10,000 |
Creditors | 20,000 |
Quick ratio is?
A. 4 : 1
B. 3 : 1
C. 2 : 1
D. 1 : 1
Correct Answer: Option D
D. 1 : 1