A companys Statement of financial position reports its current assets and current liabilities as shown. Which of

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A company’s Statement of financial position reports its current assets and current liabilities as shown. Which of the following is the correct calculation of the company’s working capital ratio and liquidity ratio?

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Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

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Question Posted: Aug 28, 2023 09:25 AM

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A companys Statement of financial position reports its current assets and current liabilities as shown. Which of

Question:

Current assets: Inventory Trade receivables Prepayments Cash and bank £'000 548 486 12 32 Current liability: Trade payable Accrued expense Taxation Dividend declared £'000 392 48 118 60

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Financial Accounting An Introduction

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