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 liquidity ratio.
A) 0.9: 1
B) 1:1
C) 0.4:1
D) 1.9:1
Correct Answer:
Verified
Correct Answer:
Verified
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