01.pdf W ASSIGNMENT-UNIV OF SALFORD Q + Home Insert Comment Edit Page Protect Tools

Insert Of SALFORD q + Comment Edit Page Protect Oots to(hce ReadMode C) Rotate Auto Seon u" ground 7. CRN:35565 most rent year-end workirg capital position Of Clipper Ltd is shown below': Current assets: Inventory Trade receivables Bank account Current liabilities Trad+ayables Bank overdraft 4,000 1 1,200 8.000 If the current ratio of Clipper Ltd. at its year-end is 2:1. The closing bank balance of the business, therefore, is: a. E500 in credit (current asset) b. E500 overdrawn (current liablity) c. 24, 750 overdrawn (current liability) d. 7.750 in credit (current asset) 8. A manufacturinq orqanisation uses an activity-based costina (ABC) svstem