Accounting Multiple Choice Question – 29 December 2020

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. 1.2 : 1
3. 1.7 : 1
4. 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

1. Not correct
2. Not correct
3. Correct — (£126 + £21) / £87
4. Not correct

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