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JAMB Accounts Principles of Accounts 2015 Paper

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Question : 5

Total: 69

Use the information below to answer this question.

Stock	11,250
Debtors	18,750
Creditors	3,750
Bank	4,000
Net profit	7,500
Net	60,000

Calculate the acid test ratio

5 : 1
6 : 1
6 : 1 : 1
4 : 1

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