A-LevelAccountingAnalysis and communication of accounting information9706/12 · Oct/Nov 2014 · Q201 Mark

The following financial information is available. $ trade payables 10000 bank overdraft 4400 trade receivables 20000 other receivables 600 other payables 1600 non-current liabilities 5000 The business has a current ratio of 2.5:1. What is the value of inventory?

A$15900

B$16900

C$19400

D$31900

✓ Correct answer

C: $19400

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Topic: Analysis and communication of accounting information, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, Oct/Nov 2014 Paper 1 Variant 2, question 20.

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