June 2014 Question # 2(B)Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FM Exams › June 2014 Question # 2(B)This topic has 1 reply, 2 voices, and was last updated 7 years ago by John Moffat.Viewing 2 posts - 1 through 2 (of 2 total) AuthorPosts February 27, 2017 at 12:06 am #374426 EmaMemberTopics: 73Replies: 107☆☆Sir,when finding Quick ratio or Acid test Ratio the formula used is C.A-Inventory/ C.L, but when finding out target Quick ratio in this Question why aren’t we subtracting inventory?Thanks February 27, 2017 at 7:48 am #374476 John MoffatKeymasterTopics: 56Replies: 53798☆☆☆☆☆But the answer does subtract inventory!!!!!The total current assets are 12,164,384 (8,219,178 (receivables) + 3,945,206 (inventory))The current assets without the inventory are simply the receivables of 8,219,178AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)The topic ‘June 2014 Question # 2(B)’ is closed to new replies.