A-LevelAccountingAnalysis and communication of accounting information9706/12 · Feb/Mar 2021 · Q201 Mark
The following information for a business was available at the end of its financial year. inventory $ 20 000 bank 8400 credit trade receivables 35000 trade payables 15000 rent receivable in arrears 3000 There is also a 5-year bank loan of $20000 repayable in equal annual instalments. What was the current ratio?
A2.12:1
B2.88:1
C3.52:1
D4.43:1
✓ Correct answer
A: 2.12:1
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