
The following items are included in the Balance Sheet of a business.

What is the quick (acid test) ratio?
Select ONE answer:
- 1.1 : 1
- 1.2 : 1
- 1.7 : 1
- 2.4 : 1
Show your workings to arrive at your answer, and explain and justify your reasons:
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
This multiple-choice question is suitable for Accounting KS5 classes.
The answer is 3
- Not correct
- Not correct
- Correct — (£126 + £21) / £87
- Not correct
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