$ $ $
fixed assets(at cost$22890) 10060
current asset
stock. 810
debtor. 4330
prepayment 1350
cash at bank 8370
cash in hand 150
less current liabilities
sundry 200
loan interest 500. 700. 14310
net current asset 24370
loan 10000
14370
capital (July 1 2004 ) 21110
add profit. 29860
50970
less drawing 36600
14370
what is the current ratio