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O-LevelAccountingAnalysis and interpretation7707/11 · May/June 2015 · Q281 Mark

A company provided the following information about its current ratio. Year 1 2.3:1 Year 2 2.4:1 Year 3 2.5:1 What would explain the changes in the ratio?

AInventory is decreasing.
BOther payables are increasing.
COther receivables are increasing.
DTrade receivables are decreasing.

✓ Correct answer

C: Other receivables are increasing.

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About this question

Topic
Analysis and interpretation, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source
O-Level Accounting, May/June 2015 Paper 1 Variant 1, question 28.

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