Accounting 0452 · IGCSE · Calculation and understanding of accounting ratios

Calculation and understanding of accounting ratios — practice question

The following details about Alan's business were given. liquid (acid test) ratio $2.5:1$ current liabilities $12\,000$ inventory $6000$ What was the total value of his current assets?

  • A$15\,000$
  • B$24\,000$
  • C$30\,000$
  • D$36\,000$

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