(a) Calculate the current ratio if current assets are 50,000 and current liabilities are 30,000. (b) If...
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(a) Calculate the current ratio if current assets are £50,000 and current liabilities are £30,000.
(b) If inventory is £28,000, what is the acid test ratio?
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a The current ratio is calculated by dividing current assets by current liabilities This gi...View the full answer
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Related Book For
Frank Woods Business Accounting
ISBN: 9780273759287
12th Edition
Authors: Frank Wood. Sangster, Alan
Question Posted:
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