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Calculate the value of inventories as at 31 July 2022 from the information provided below. (4 marks) INFORMATION The following information applies to Rico Traders

Calculate the value of inventories as at 31 July 2022 from the information provided below. (4 marks) INFORMATION The following information applies to Rico Traders as at 31 July 2022, the end of the financial year: Current ratio = 2.5:1 Acid test ratio = 1.2:1 Current liabilities = R240 000

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