Cash Balance ₹15,000; Trade Receivables ₹35,000; Inventory ₹40,000; Trade Payables ₹24,000 and Bank Overdraft is ₹6,000. Current Ratio will be:

3:1

The correct answer is option 2- 3:1.

Current Assets = Cash Balance ₹15,000 + Trade Receivables ₹35,000 + Inventory ₹40,000
                        = ₹90,000

Current Liabilities = Trade Payables ₹24,000 +  Bank Overdraft ₹6,000
                            = 30,000

Current Ratio = 90,000/30,000
                      = 3:1