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What is the figure for inventories held at the end of year

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Reference no: EM133019045

Question - Degas PLC has the following ratios for the current? year:

Current ratio? 1:1

?Acid-test ratio? 0·8:1

Return on equity? 10% (based on? year-end equity? figure)

?Non-current liabilities: Total equity? 2:1

Total assets less current? liabilities: Current assets? 3:1

The profit for the year was £5 million.

What is the figure for inventories held at the end of the? year?

A. £90m

B. £40m

C. £10m

D. £5m

Reference no: EM133019045

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