The information given is for the business of Agnes Tutin. Summarised balance sheet at 30 September 20*8

Question:

The information given is for the business of Agnes Tutin.

Summarised balance sheet at 30 September 20*8

Additional information

Purchases all on credit £160,000; sales all on credit £350,000.

Required

Calculate:

a) Net current asset ratio
b) Liquid capital ratio
c) Debtors’ collection period
d) Creditors’ payment period.

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Introducing Accounting For AS

ISBN: 9780340959404

2nd Edition

Authors: Ian Harrison

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Question Posted: Aug 23, 2023 05:43 AM

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The information given is for the business of Agnes Tutin. Summarised balance sheet at 30 September 20*8

Question:

Fixed assets Current assets Stock Trade debtors Bank balance Current liabilities Trade creditors Capital £ 23,500 13,500 13,000 50,000 10,000 £. 170,000 40,000 210,000 210,000

Step by Step Answer:

To calculate the required financial ratios for Agnes Tutins business well use the information provided in the summarized balance sheet along with the ...View the full answer

Introducing Accounting For AS

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