Use the information below to answer this question.
...Use the information below to answer this question.
\(\begin{array}{c|c} \text{Stock} & 11,250 \\ \hline \text{Debtors} & 18,750 \\ \hline \text{Creditors} & 3,750 \\ \hline \text{Bank} & 4,000 \\ \hline \text{Net profit} & 7,500 \\ \hline \text{Net} & 60,000 \\ \end{array}\)
Calculate the acid test ratio
5 : 1
6 : 1
6 : 1 : 1
4 : 1
Correct answer is C
No explanation has been provided for this answer.
The total share capital which a company would be allowed to issue is known as ...
Sales ledger balances 01/06/12------ 9,000 30/06/12------------------------------------30,000 ...
Social Club Subscription (Extract) 31/12/2009 Subscription accrued #18,900 Subscription received...
Partners salary is shown in the ...
Use the following information to answer the given question \(\begin{array}{c|c} \text{Rent paid...
Credit purchases are always put at 150% of the total cash paid to suppliers Calculate the c...