The current assets are inventory, cash, and receivables. For the quick ratio we do not include the inventory and so it leave just the cash and the receivables!
As we make very clear, it is vital that you buy a Revision Kit from one of the ACCA approved publishers – they are full of exam standard questions to practice and practice is essential to passing the exam.
What we provide is free tuition covering everything needed to be able to pass the exam well.
fruitella says
100%
abduaj1997 says
Thanks Sir.
Got full marks.
accaleerah says
Thank you very much sir! Your lectures are splendid. I pray I pass. I am writing an On Demand CBE this week. You have been awesome
@Bilal-kh says
In Q5, why inventory value isn’t deducted from current assets?
John Moffat says
The current assets are inventory, cash, and receivables. For the quick ratio we do not include the inventory and so it leave just the cash and the receivables!
tsiala says
I think these questions are very easy))
John Moffat says
They are only meant as quick checks.
As we make very clear, it is vital that you buy a Revision Kit from one of the ACCA approved publishers – they are full of exam standard questions to practice and practice is essential to passing the exam.
What we provide is free tuition covering everything needed to be able to pass the exam well.
seharakram says
hurraaah…100%
John Moffat says
馃檪
peeteekays says
Woow im proud of me first time to get 100.. Yeeepyy
John Moffat says
Great 馃檪