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b) The following information was obtained from ABC Ltd final accounts ci) Overdraft C-ii) Quick assets -iii) Average stock CA - IV) Current assets FxP-V)
b) The following information was obtained from ABC Ltd final accounts ci) Overdraft C-ii) Quick assets -iii) Average stock CA - IV) Current assets FxP-V) Cost of goods sold Determine the following ratios i) Current ratio ii) Acid test ratio iii) Average stock iv) Adjusted acid test ratio. 850 1220 880 200 4575
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