At the close of its financial year, the following details were available for a business. inventory $20000$ bank $8400$ credit trade receivables $35000$ trade payables $15000$ rent receivable in arrears $3000$ The business also had a 5-year bank loan of $20000$ to be repaid in equal annual instalments. What was the value of the current ratio?
- A$2.12:1$
- B$2.88:1$
- C$3.52:1$
- D$4.43:1$