Which actions would increase the liquid (acid test) ratio of a business in the short term? i.

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Which actions would increase the liquid (acid test) ratio of a business in the short term?

i. Trade receivables paying Their debts

ii. Paying trade payables

iii. Selling a number of surplus non-current assets

iv. Selling inventory

A. i and ii

B. ii and Hi

C. i and iv

D. iii and iv.

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Accounting For Cambridge International AS And A Level

ISBN: 9780198399711

1st Edition

Authors: Jacqueline Halls Bryan, Peter Hailstone

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Question Posted: Sep 17, 2021 01:41 AM

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Which actions would increase the liquid (acid test) ratio of a business in the short term? i.

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A i and ii Paying trade payables and trade rec...View the full answer

Accounting For Cambridge International AS And A Level

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