The following figures have been taken from the balance, Financial Accounting

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The following figures have been taken from the balance

Practice questions:

The following figures have been taken from the balance sheet of Chepstow Storage Ltd. Calculate the current test and acid test ratios and comment on your results.

current test

Stock 86,100

Debtors 32.800

Bank 4.500

123.400

Current liabilities

Creditors 72,700

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Financial Accounting: The following figures have been taken from the balance

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Financial Accounting: The following figures have been taken from the balance

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