A-LevelAccountingAnalysis and communication of accounting information9706/12 · May/June 2013 · Q231 Mark

The following information has been taken from a statement of financial position. [Table: non-current assets 150000, capital and reserves 170000, current liabilities 5000] What is the current ratio?

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A3:1

B4:1

C5:1

D6:1

✓ Correct answer

C: 5:1

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Topic: Analysis and communication of accounting information, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, May/June 2013 Paper 1 Variant 2, question 23.

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The following information has been taken from a statement of financial position. [Table: non-current assets 150000, capital and reserves 170000, current liabilities 5000] What is the current ratio?

✓ Correct answer

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