A-LevelAccountingAnalysis and communication of accounting information9706/12 · May/June 2022 · Q211 Mark
The following shows extracts from the statement of financial position of a company. at 30 September $ non-current assets 120 000 inventory 35000 trade receivables 23000 cash at bank (debit balance) 12000 trade payables 15000 bank loan repayable within 12 months 40000 What is the liquid (acid test) ratio?
A0.64:1
B1.27:1
C2.33:1
D4.67:1
✓ Correct answer
A: 0.64:1
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