Multiple Choice
The statement of financial position of Rosie Ltd.includes the following entries: inventory £25,000,trade receivables £12,000,cash £11,000 and current liabilities £25,000 (made up of trade payables £16,000,short-term borrowing £800 and £8,200 current tax payable) .Calculate the current ratio.
A) 0.9: 1
B) 1:1
C) 0.4:1
D) 1.9:1
Correct Answer:
Verified
Correct Answer:
Verified
Q2: An example of a long-term liability is:<br>A)
Q3: Which of the following statements is correct?<br>A)
Q4: An example of a current asset is:<br>A)
Q5: Which of the following statements is false?<br>A)
Q6: An example of a current liability is:<br>A)
Q7: Which of the following statements is correct?<br>A)
Q8: What a company owns is known as
Q9: The accounting equation can be stated as:<br>A)
Q10: Which of the following statements is correct?<br>A)
Q11: If a company has long-term borrowings of