Calculate Current Ratio from the following information:

1.30:1

The correct answer is option 1- 1.30:1.

Current assets = Trade Receivables + Cash and Cash Equivalents + Inventories + Advance Tax
                      = 60,000 + 50,000 + 60,000 + 4,000
                      = 1,74,000

Current liabilities = Trade Payables + Bank overdraft
                         = 1,30,000 + 4,000
                         = 1,34,000

Current ratio = Current assets/Current liabilities
                   = 1,74,000/1,34,000
                   = 1.298:1 or 1.30:1