Additional information The following information has also been provided. at 1 May 2016 at 30 April 2017 2 3 4 5 6 7 Trade receivables 6875 8250 Trade payables 5200 6350 Expenses prepaid 625 775 Expenses owing 350 425 Expenses paid from the bank account amounted to $9925 Rental income received by credit transfer amounted to $15700 Balance per bank statement at 30 April 2017 of $4150 was overdrawn. Unpresented cheques amounted to $850. Uncredited bankings amounted to $1975 There were no cash transactions. All sales and purchases were on a credit basis Additional information Francesco's brother, Marco, runs a similar business. He has calculated the following ratios for his own business 30 April 2016 26:1 14:1 Current ratio Liquid (acid tost) ratio 30 April 2017 12:1 0.8:1 REQUIRED ( Discuss the liquidity position of Marco's business using only the current and liquid (acid test) ratios (g) Advise a potential new supplier whether or not to sell goods to Marco on a credit basis. Justify your answer [Total: 301 Additional information France thewing into the yea r 2017 Opening in 250 Touch 2750 women had been cam has yet been made for the