June 2005 p1 A-level Accounting MCQ

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dasani

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(24)The following information is given for a business at 31 December 2004.
current ratio 3.6 : 1
$
average stock 12 000
debtors 4 000
creditors 5 000
What was the value of stock at 1 January 2004?


PLEASE HELP ME.
 
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