JAMB Principles of Accounts 1997 Question 46

Use the information below to answer questions 45 and 46.
Udoh Trading Company Balance Sheet as at 31st December, 1992
Capital ₦39 000
Long term loan ₦15 000
Creditors ₦9 000
Accrued wages ₦5 000
Total ₦68 000
Land ₦20 000
Building ₦30 000
Stock ₦4 000
Debtors ₦6 000
Cash ₦8 000
Total ₦68 000
The acid test ratio in the company is

1. A.1:1
2. B.1:2
3. C.2:3
4. D.3:2