Accounting 0452 · IGCSE · Calculation and understanding of accounting ratios

Calculation and understanding of accounting ratios — practice question

Jonny gave the following details. inventory: $3500$, cash: $100$, bank overdraft: $1900$, trade receivables: $2400$, trade payables: $2100$. What was Jonny’s current ratio?

  • A$1.33:1$
  • B$1.50:1$
  • C$1.58:1$
  • D$1.95:1$

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