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Calculate the current test and acid test ratios

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Reference no: EM131201697

Practice questions:

The following figures have been taken from the balance sheet of Chepstow Storage Ltd. Calculate the current test and acid test ratios and comment on your results.

current test

Stock                                            86,100

Debtors                                       32.800

Bank                                               4.500

                                                    123.400

Current liabilities

Creditors                                       72,700

Reference no: EM131201697

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