Sandbag is a listed manufacturing company. Its summarised statement of financial position is given below. STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 20X4 $m Non-current assets 610 Inventories 96 Trade receivables 29 Current asset investments 5 Cash 3 133 743 Equity and liabilities $1 ordinary shares 400 Retained earnings 190 590 Non-current liabilities – loans 50 Trade payables 103 743 What is Sandbag's current ratio at 31 December 20X4? A 0.37 B 1.29 C 0.87 D 1.26
Sandbag is a listed manufacturing company. Its summarised statement of financial position is given below. STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 20X4 $m Non-current assets 610 Inventories 96 Trade receivables 29 Current asset investments 5 Cash 3 133 743 Equity and liabilities $1 ordinary shares 400 Retained earnings 190 590 Non-current liabilities – loans 50 Trade payables 103 743 What is Sandbag's current ratio at 31 December 20X4? A 0.37 B 1.29 C 0.87 D 1.26
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Sandbag is a listed manufacturing company. Its summarised
STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 20X4
$m
Non-current assets 610
Inventories 96
Trade receivables 29
Current asset investments 5
Cash 3
133
743
Equity and liabilities
$1 ordinary shares 400
590
Non-current liabilities – loans 50
Trade payables 103
743
What is Sandbag's
A 0.37
B 1.29
C 0.87
D 1.26
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