George gave the information below. Non-current assets: $\$15\,000$ Inventory: $\$12\,000$ Trade receivables: $\$18\,000$ Trade payables: $\$8\,000$ His liquid (acid test) ratio came to $1.2 : 1$. What was the amount of his bank overdraft?
- A$\$7\,000$
- B$\$15\,000$
- C$\$17\,000$
- D$\$29\,500$