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Which alternatives represents a correct amount of inventory

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Mimosa Ltd expects sales revenue of R20 000 and total current assets amounting to R5 000 for the coming year. The company also aims to achieve the following ratios: current ratio of 2,5:1; and acid test ratio of 2:1.

Problem 1: Which one of the following alternatives represents a correct amount of inventory?

A. R6 000

B. R1 000

C. R3 000

D. R4 000

Reference no: EM133004622

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