Jill's Business Has Current Assets of R50 000 and Current

question 62

Multiple Choice

Jill's business has current assets of R50 000 and current liabilities of R25 000.Which statement is true about the company's current ratio?

• A)The ratio is 50% and is acceptable for most industries.
• B)The ratio is 2 and is acceptable for most industries.
• C)The ratio is R25 000 and is not acceptable for most industries.
• D)Current ratio cannot be determined from the information given.

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