14.9 Trixie Stores Limited has the following working capital items in its balance sheet at 31 December

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14.9 Trixie Stores Limited has the following working capital items in its balance sheet at 31 December 20X4:

Stock 18 370 Debtors 24100 Cash in hand 70 Trade creditors 15 450 Bank overdraft 6 400 The current ratio (working to two decimal places) for Trixie Stores Limited is:

a) 1.95:1

b) 1.11:1

c) 0.51:1

d) 0.9:1.

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Business Accounting And Finance For Non Specialists

ISBN: 9781861528728

1st Edition

Authors: Catherine Gowthorpe

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Question Posted: Jul 12, 2024 10:06 AM

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14.9 Trixie Stores Limited has the following working capital items in its balance sheet at 31 December

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Business Accounting And Finance For Non Specialists

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