Zahki Plc balance sheet (extract) as at 31st December 199...
Use the information below to answer this question
Zahki Plc balance sheet (extract) as at 31st December 1997. ₦ ₦
Paid up capital 200,000 Fixed assets 300,000
Share premium 15,000
Profit and loss account 60,000 Investment 180,000
Long-term loan 180,000 Stock 28,000
Debtors 90,000
Creditors 200,000 provision(3000) 87,000
Other current liabilities 100,000 Cash 60,000
Bank 100,000
755,000 755,000
The quick ratio is
0.82:1
1:53:1
0.95:1
0.91:1
Correct answer is C
No explanation has been provided for this answer.
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