Pick out the wrong statement.

• Gross revenue is that total amount of capital received as a result of the sale of goods or service.
• Net revenue is the total profit remaining after deducting all costs excluding taxes.
• The ratio of immediately available cash to the total current liabilities is known as the cash ratio.
• Consolidated income statement based on a given time period indicates surplus capital and shows the relationship among total income, costs & profit over the time interval.