Which actions would increase the liquid (acid test) ratio of a business in the short term? i.
Question:
Which actions would increase the liquid (acid test) ratio of a business in the short term?
i. Trade receivables paying Their debts
ii. Paying trade payables
iii. Selling a number of surplus non-current assets
iv. Selling inventory
A. i and ii
B. ii and Hi
C. i and iv
D. iii and iv.
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A i and ii Paying trade payables and trade rec...View the full answer
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Related Book For
Accounting For Cambridge International AS And A Level
ISBN: 9780198399711
1st Edition
Authors: Jacqueline Halls Bryan, Peter Hailstone
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