read it once and answer if the following items, Accounting Basics

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read it once and answer if the following items

Read it once and answer, if The following items appear on a balance sheet.

Inventory

balance at bank

cash in hand

trade payables

provision for doubtful debts

20 000

2 000

1 500

11 000

500

The current ratio is 3: 1.

How much do the trade receivables owe?

A. $9 500

B. $10 000

C. $12 000

D. $12 500

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