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The simplified statement of Financial Position of a company contains only the following items: Trade payables $3300 Trade receivables ? Inventory $4500 Long term debt

The simplified statement of Financial Position of a company contains only the following items:

Trade payables $3300

Trade receivables ?

Inventory $4500

Long term debt $4000

Non-Current assets $6200

Cash $1300

Equity ?

If the debt:equity ratio is 0.4:1 then trade receivables are?

  1. A 1,300

  2. B 2,000

  3. C 5,300

  4. D 8,000

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