Multiple Choice Questions

Acid-test ratio 0·6:1 The sales for the forthcoming year are expected to be $50 million What is the forecast level of inventory to be held at the end of the year? A $60·0m. B $38·4m. C $10·4m. D $6·0m 9. Extracts from a company’s accounts show the following balances: $000 Inventories 114 Receivables 216 Cash 42 Payables 180 Loans 60 W. h ................
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