Trade receivables owe, Accounting Basics

Read it once and answer, if The following items appear on a balance sheet.

 

$

 

Inventory

balance at bank

cash in hand

trade payables

provision for doubtful debts

20 000

2 000

1 500

11 000

500

The current ratio is 3: 1.

How much do the trade receivables owe?

A. $9 500

 B. $10 000

 C. $12 000 

D. $12 500

Posted Date: 2/12/2013 7:47:11 AM | Location : United States







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