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Degas PLC has the following ratios for the current year. Current ratio 1:1 Acid-test ratio 0-8:1 Return on equity 10% (based on year-end equity figure)

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Degas PLC has the following ratios for the current year. Current ratio 1:1 Acid-test ratio 0-8:1 Return on equity 10% (based on year-end equity figure) Non-current liabilities: Total equity 2:1 Total assets less current liabilities: Current assets 3:1 The profit for the year was $5 million. What is the figure for inventories held at the end of the year? A. 190m OB. $40m O C. $10m O D. $5m

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