A trader provided the following information about his current ratio: Year 1 1.45 : 1 Year 2
Question:
A trader provided the following information about his current ratio:
Year 1
1.45 : 1
Year 2
1.75 : 1
Year 3
2.00 : 1
What would explain the change in this ratio?
A. Decrease in cash at bank
B. Decrease in inventory
C. Decrease in trade payables
D. Decrease in trade receivables
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
D Decrease in trade receivables EXPLANATIN The curre...View the full answer
Answered By
Churchil Mino
I have been a tutor for 2 years and have experience working with students of all ages and abilities. I am comfortable working with students one-on-one or in small groups, and am able to adapt my teaching style to meet the needs of each individual. I am patient and supportive, and my goal is to help my students succeed.
I have a strong background in math and science, and have tutored students in these subjects at all levels, from elementary school to college. I have also helped students prepare for standardized tests such as the SAT and ACT. In addition to academic tutoring, I have also worked as a swim coach and a camp counselor, and have experience working with children with special needs.
0 Reviews
10+ Question Solved
Related Book For 
Cambridge IGCSE And O Level Accounting Coursebook
ISBN: 9781316502778
2nd Edition
Authors: Catherine Coucom
Question Posted:
