WAEC Financial Accounting 1992 Question 5

The following balances were extracted from the books of XYZ Co. Ltd.
Goodwill: ₦20,000
Other Fixed Assets: ₦400,000
Stock: ₦10,000
Debtors: ₦30,000
Provision for bad debts: ₦5,000
Bank balance: ₦10,000
Sundry Creditors: ₦25,000
Accrued expenses: ₦5,000
Bills payable: ₦2,000
Provision for depreciation: ₦90,000

Current ratio is

1. A.2:1
2. B.1.8:1
3. C.1.4:1
4. D.1.3:1
5. E.1.2:1