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What is the value of the inventories

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Question - A business's statement of financial position shows the following relationships:

Current ratio = 3:1

Acid test ratio = 2.5:1

Current assets to non-current assets = 1:2

The total assets of the business are £27 million.

Required - What is the value of the inventories as shown on the statement of financial position? If necessary, round to the first decimal point.

Reference no: EM133097404

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