The following information relates to the financial statements of Company T, for its year end...
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Accounting
The following information relates to the financial statements of Company T, for its year end date of 31/12/x6: cash: R 1 245 000 Receivables: R1 109 000 Inventory: R 1 450 000 Payables: R1 380 000 Accrued tax: R500 000 bank loan (long term): R 4 500 000. Based on this information, calculate Ts quick ratio for the x6 financial year. Give your answer to the nearest 2 d.p. Select one:
a. R1.25
b. R1.45
c. R1.30
d. R1.35
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