JAMB Principles of Accounts 1999 Question 39

Use the information below to answer questions 39 and 40.
Zoom Plc balance sheet [extract] as at 31st December, 1997
Liabilities (₦): Paid-up capital 200,000; Share premium 15,000; Profit & loss a/c 60,000; Long-term loan 180,000; Creditors 200,000; Other current liabilities 100,000; Total 755,000
Assets (₦): Fixed assets 300,000; Investments 180,000; Stock 28,000; Debtors 90,000 less Provision (3,000) 87,000; Cash 60,000; Bank 100,000; Total 755,000
The quick ratio is

1. A.0.82:1
2. B.0.91:1
3. C.0.95:1
4. D.1:53:1.