by: Admin_LouisPosted on:

Calculate the acid test ratio

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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