The statement of financial position of a business TITA for the year just ended h...
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The statement of financial position of a business TITA for the year just ended had the following relationships:
Current ratio 2:1
Sales revenue: current assets 5:1
Acid-test ratio 1.5:1
Sales revenue for the year was £60 m.
What is the value of inventories at the year end?
0%
0%
50%✨
50%
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