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The following information is supplied for Hetisani Ltd. for the month of October...
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The following information is supplied for Hetisani Ltd. for the month of October 2020:
Fixed assets R1 000 000
Current assets:
Cash R80 000
Marketable securities R100 000
Inventory R500 000
Debtors R300 000
Shareholder’s capital R700 000
Long-term debt R250 000
Current liabilities R300 000
The acid-test ratio for Hetisani Ltd. would be _________________ .
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