Determine the number of times stock was turned over during the period to the nearest figure?

Calculate the acid test ratio?

Purchasers – #44,880 Sales – #85,850 Trade creditors – #12,250 Trade debtors – #24,000 Accrued expenses – # 350 Prepaid expenses – # 700 Stock 1/1/2006 – #25,120 Stock 31/12/2006 – #27,840   A. 1:94:1 B. 1:96:1 C....

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