A company has the following information in its statement of financial position. What is the liquid (acid

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A company has the following information in its statement of financial position.

What is the liquid (acid test) ratio?

A. 0.54:1

B. 0.88:1

C. 0.93:1

D. 1.85:1

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Accounting For Cambridge International AS And A Level

ISBN: 9780198399711

1st Edition

Authors: Jacqueline Halls Bryan, Peter Hailstone

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Question Posted: Sep 17, 2021 01:41 AM

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A company has the following information in its statement of financial position. What is the liquid (acid

Question:

$000 Trade receivables 150 Bank overdraft 130 Inventory 110 Trade payables 150

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Trade Receivable A 150 Bank Overdr...View the full answer

Accounting For Cambridge International AS And A Level

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