JAMB Commerce 1998 Question 14

Use the information below to answer questions 13 and 14.
SONU Enterprises Balance Sheet as at 31/3/98
Capital ₦6000.00
Net Profit ₦2000.00
Drawings (₦137.50)
Creditors ₦1000.00
Accruals ₦187.50
Total ₦9050.00
Plant/Machinery ₦2300.00
Motor van ₦2000.00
Stock ₦1250.00
Debtors ₦480.00
Bank ₦3000.00
Cash ₦20.00
Total ₦9050.00
What is the acid ratio?

1. A.2.95:1
2. B.4.25:1
3. C.4.75:1
4. D.5.55:1.