O-LevelAccountingAnalysis and interpretation7707/11 · Oct/Nov 2019 · Q301 Mark

A trader provided the following information. What was the current ratio? trade receivables $ 12000 trade payables 8000 inventory 15000 cash 100 bank 2000 credit

A1.21:1

B1.65:1

C2.71:1

D3.64:1

✓ Correct answer

C: 2.71:1

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Topic: Analysis and interpretation, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2019 Paper 1 Variant 1, question 30.

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