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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
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