Question: 14. The calculation of the quick ratio involves A Current Liabilities minus Inventory B Current Assets minus Cash C Current Assets minus Inventory D Current

14.The calculation of the quick ratio involves

A Current Liabilities minus Inventory

B Current Assets minus Cash

C Current Assets minus Inventory

D Current Liabilities minus Cash

Question 15

An asset was bought for 52,000 and is depreciated on reducing-balance basis at 20%. What is the depreciation charge in the second year?

A 10,400

B No answer is correct

C 8,320

D 6,656

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