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

Analysis and communication of accounting information — practice question

At 31 December, a company showed these balances. inventory $31\,000$ trade receivables $88\,000$ allowance for irrecoverable debts $2\,000$ bank overdraft $9\,000$ cash in hand $5\,000$ The current ratio is $2.5 : 1$. What was the amount of trade payables at 31 December?

  • A$38\,600$
  • B$39\,800$
  • C$40\,600$
  • D$57\,800$

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