14.1 Precious Toys Ltd wrote off EUR 100,000 of obsolete inventory at 31 December 2004. What effect...

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14.1 Precious Toys Ltd wrote off EUR 100,000 of obsolete inventory at 31 December 2004. What effect did this write-off have on the company’s 2004 current and quick ratios?

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Financial Accounting An International Approach

ISBN: 9780273693192

1st Edition

Authors: Prof Jagdish Kothari, Elisabetta Barone, Barone Kothari

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