QUESTION 3Which of the following results accurately determines that QAABC Ltd can meet its short-term debt obligations?(A) 0.08:1(B) 0.75:1(C) 0.9:1(D) 2.2:1QUESTION 4Calculate the ratio that determines QAABC Ltd's ability to meet its long-term financing obligations.(A) 27.07%(B) 30.62%(C) 38.59%(D) 79.34% QUESTIONS3-4Questions 3 and 4 refer to the financial data for QAABC Ltd, shown below.QAABC LtdAccount Balances (extract)for the year ended 30 June 2020S000Bank loan (due 30 September 2020)1 287582Bank overdraftBond (due 30 April 2021)1 200Deposits at call7 834Inventories2 398Trade debtorsI 569Trade creditors2 933Non-current assets47 629Non-current liabilities13 764Retained earnings234Note: The balance of trade debtors at 30 June 2019 was $2 572 000.

(1) Bank Loan being a Liability is due on 30 September, 2020 that is due within less than 12 months…

Answered: QUESTI Questions 3 and 4 refer to the…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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ased on these items, what is the total of the (a) liquid assets and (b) current liabilities? Checking account balance $ 935 Savings account balance $ 3,425 Retirement account balance 58,500 Current student loan payment due 370 Credit card balance 192 Investment account balance 9,500 Rare jewelry 600 Mortgage 185,500
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Prepare the debtors list of Towel Talk as at 28 February 2021. (Round off tothe nearest rand) (Show all workings)
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