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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?
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A 1,300
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B 2,000
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C 5,300
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D 8,000
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