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From the following extract from a Statement of Financial Position, calculate the Current Ratio. (Answer...

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Accounting

From the following extract from a Statement of Financial Position, calculate the Current Ratio. (Answer rounded to 1 decimal place.)

Non-current Liabilities 100,000

Inventory 35,000

Trade Payables 260,000

Trade Receivables 145,600

Cash 265,000

Accruals 5,000

a. 1.22

b. 1.32

c. 1.55

d. 1.68

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