The Statement of Financial Position of Rosie Ltd

question 26

Multiple Choice

The statement of financial position of Rosie Ltd.includes the following entries: inventory £25,000,trade receivables £12,000,cash £11,000 and current liabilities £25,000 (made up of trade payables £16,000,short-term borrowing £800 and £8,200 current tax payable) .Calculate the liquidity ratio.

• A) 0.9: 1
• B) 1:1
• C) 0.4:1
• D) 1.9:1

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Definitions:

Peripheral Nervous System

The part of the nervous system that consists of nerves and ganglia outside of the brain and spinal cord.

Neurons

Specialized cells in the nervous system that transmit information through electrical and chemical signals.

Nerves

Bundles of fibers that transmit electrical impulses between the brain, spinal cord, and other parts of the body, facilitating communication within the nervous system.

Synaptic Vesicles

Small structures within neurons that store neurotransmitters, which are released into the synaptic cleft during neural communication.