Use the information below to answer this question.
Stock11,250Debtors18,750Creditors3,750Bank4,000Net profit7,500Net60,000
Calculate the acid test ratio
A 5 : 1
B 6 : 1
C 6 : 1 : 1
D 4 : 1
Answer is C
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Use the information below to answer this question.
Stock11,250Debtors18,750Creditors3,750Bank4,000Net profit7,500Net60,000
Calculate the acid test ratio
A 5 : 1
B 6 : 1
C 6 : 1 : 1
D 4 : 1
Answer is C
