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

Analysis and communication of accounting information — practice question

At the end of its financial year, a business had current liabilities of $4000$. The acid test ratio stood at $1.5:1$. The current ratio stood at $2.25:1$. What value of inventory was held at the year end?

A$3000$
B$4000$
C$9000$
D$15\,000$

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