Calculate the Current Ratio from the following information.

1.29 : 1

The correct answer is Option (3) → 1.29 : 1.

Current assets = Inventories + Trade receivables + Advance tax + Cash and cash equivalent
                      = 50,000 + 50,000 + 4,000 +30,000
                      = 1,34,000

Current liabilities = Trade payables + Short-term borrowings
                         = 1,00,000 + 4,000
                         = 1,04,000

Current Ratio = Current assets/Current liabilities
                     = 1,34,000/1,04,000
                     = 1.2884 :1
                     = 1.29 :1