The procurement manager has received the following data from the supplier's accounts to facilitate the...

CIPS L4M4 Question Answer

The procurement manager has received the following data from the supplier's accounts to facilitate the calculation of the supplier's current ratio:

Current Assets: Stock $200; Debtors $60; Cash $40; Total $300

Short Term Liabilities: Bank overdraft $150

Which calculation will the procurement manager use to find out the current ratio?

300÷200×150300 ÷ 200 × 150300÷200×150

300÷150300 ÷ 150300÷150

(300−150)×100(300 - 150) × 100(300−150)×100

(300−200−150)×100(300 - 200 - 150) × 100(300−200−150)×100

CIPS L4M4 Summary

Price: $52.5 ~~$149.99~~