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Degas plc has the following ratios for the current year Current ratio 1.00:1 Acid-test ratio 0.75:1 Return on equity 10.0% (based on year-end equity
Degas plc has the following ratios for the current year Current ratio 1.00:1 Acid-test ratio 0.75:1 Return on equity 10.0% (based on year-end equity figure) Non-current liabilities: Total equity 2:1 Cruuent Liabilities (CL): Non-Current Liabilities (NCL) 0.25 1 The profit for the year was 5 million What is the figure for inventories held at the end of the year? O A. 93.75m OB. 25.0m OC. 6.25m OD. 5m
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Fundamental Managerial Accounting Concepts
Authors: Edmonds, Tsay, olds
6th Edition
71220720, 78110890, 9780071220729, 978-0078110894
