Accounting 9706 · AS & A Level · Analysis and communication of accounting information

Analysis and communication of accounting information — practice question

The items listed below are included in a statement of financial position. inventory $20000$ cash and cash equivalents $3500$ trade payables $11000$ provision for doubtful debts $500$ The current ratio equals $3:1$. What amount do the trade receivables owe?

  • A$9500
  • B$10000
  • C$12000
  • D$12500

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