Solved

Aspect Ltd Has the Following Balance Sheet Figures A) 2:1
B) 1

Question 3

Multiple Choice

Aspect Ltd has the following balance sheet figures.The current ratio is:
 Total current assets $450000 Total current liabilities 150000 Inventory 200000 Bank overdraft 30000 \begin{array}{lr}\text { Total current assets } & \$ 450000 \\ \text { Total current liabilities } & 150000 \\ \text { Inventory } & 200000 \\ \text { Bank overdraft } & 30000\end{array}


A) 2:1
B) 1.67:1
C) 3.75:1
D) 3:1

Correct Answer:

verifed

Verified

Related Questions

Q1: Profit available to ordinary shareholders divided by

Q2: _ analysis assists users in their decision

Q4: The profitability ratio that measures an entity's

Q5: Which of the following does not measure

Q6: If an entity's selling and distribution expenses

Q7: A measure of long-term solvency is:<br>A) debt

Q8: _ analysis is a technique for evaluating

Q9: Relying on absolute values in an entity's

Q10: The gross profit margin is calculated as

Q11: Liquidity ratios measure the ability of an