Mimosa Ltd expects sales revenue of R20 000 and total current assets amounting to R5 000...
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Mimosa Ltd expects sales revenue of R20 000 and total current assets amounting to R5 000 for the coming year. The company also aims to achieve the following ratios: current ratio of 2,5:1; and acid test ratio of 2:1. Which one of the following alternatives represents a correct amount of inventory? Select one: O a. R6 000 O b. R3 000 OC. R1 000 d. R4 000 5000 Mimosa Ltd expects sales revenue of R20 000 and total current assets amounting to R5 000 for the coming year. The company also aims to achieve the following ratios: current ratio of 2,5:1; and acid test ratio of 2:1. Which one of the following alternatives represents a correct amount of inventory? Select one: O a. R6 000 O b. R3 000 OC. R1 000 d. R4 000 5000
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