Question
Degas plc has the following ratios for the currentyear: Current ratio1:1 Acid test ratio08:1 Return on equity10% (based onyear-end equityfigure) Non-current liabilities: Total equity2:1 Total
Degas plc has the following ratios for the currentyear:
Current ratio1:1
Acid test ratio08:1
Return on equity10% (based onyear-end equityfigure)
Non-current liabilities: Total equity2:1
Total assets less currentliabilities: Current assets3:1
The profit for the year was 5 million.
What is the figure for inventories held at the end of theyear?
How to calculate?
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Fundamentals Of Human Resource Management
Authors: Raymond Noe
5th Edition
0471737933, 9780471737933
