Use the following information to answer the given questio...
Use the following information to answer the given question
\(\begin{array}{c|c} & N & & N \\ \hline \text{Ordinary Share Capital} & 140,000 & \text{Plant and Machinery} & 100,000 \\ \text{80% Preference share} & 63,000 & \text{Furniture} & 62,000 \\ \text{Retained earnings} & 40,000 & \text{Motor Van} & 75,000 \\ \text{10% Debentures} & 60,000 & Stock & 22,000 \\ Creditors & 10,000 & Debtors & 26,000 \\ \text{Accrued wages} & 12,000& Bank & 40,000 \\ & \overline{325,000} & & \overline{325,000}\end{array}\)
What is the current ratio?
4 : 1
3 : 1
2 : 1
1 : 1
Correct answer is A
No explanation has been provided for this answer.
Use the following information to answer the given question \(\begin{array}{c|c} & Le \\ \hl...
Which of the following does not form part of shareholders fund? ...
The basis upon which assets of an organization is valued is the ...
Shares that are offered to existing shareholders at a price is called ...
Purchase of goods for N1,000 from chukwu had been entered in Chukwura's account. This is an erro...
Assets which are readily convertible into cash are termed as ...