5 If total net assets are 45,600, current liabilities 12,700, inventory 3,900 and noncurrent assets 29,000, what

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5 If total net assets are £45,600, current liabilities £12,700, inventory £3,900 and noncurrent assets £29,000, what is the acid test (quick assets) ratio?

(a) 2:1

(b) 2.3:1

(c) 1.5:1

(d) 1.75:1

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Accounting And Finance For Business

ISBN: 9780273773948

1st Edition

Authors: Geoff Black, Mahmoud Al-Kilani

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Question Posted: Jul 02, 2024 09:04 AM

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5 If total net assets are 45,600, current liabilities 12,700, inventory 3,900 and noncurrent assets 29,000, what

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Accounting And Finance For Business

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