A container is full of Mango squash. One fourth of the Mango squash is taken out and then an equal amount of water is poured into the container to fill it. This operation is repeated three times. The final ratio of Mango squash and water in the container is:

16 : 65 27 : 37 24 : 47 1 : 3

1 : 3

The correct answer is Option (4) → 1 : 3