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