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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