Current liabilities are 35000 and overall net assets are
Question - Williams Ltd has current assets of £55,000, which includes inventory worth £15,000. Current liabilities are £35,000 and overall net assets are £120,000. What is the acid test ratio for Williams Ltd?
a) 1.14:1
b) 1.57:1
c) 2:1
d) 1:1
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