Andrew's balance sheet at the end of a trading year shows current assets of £35,260 and current liabilities of £17,200. The current assets include stock of £12,040, bank account of £7,700, cash of £532 and an amount owed by debtors.
(a) Calculate:
(i) The amount owed by debtors
(ii) the acid test ratio.
(b) State whether or not you would judge the liquidity of the business to be healthy. Give a reason for your answer.