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Question 4 The financial information below relates to a business: 000 Cash 1,500 Property, plant, and equipment 3,600 Sales revenue 5,200 Trade payables 1,409
Question 4 The financial information below relates to a business: 000 Cash 1,500 Property, plant, and equipment 3,600 Sales revenue 5,200 Trade payables 1,409 5,000 280 Equity Inventory Cost of sales Prepaid rent Accrued wages Trade receivables Long term loan (a) Compute the acid test ratio (b) Compute the operating cash cycle 3,400 120 36 1,200 1,500 (2 marks) (4 marks)
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