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Terry
0450-19-M-J-12-3d
Chan
TOPIC QUESTION - PAPER 1
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Chan
May 17, 2026 at 7:36:21 AM
May/June 2022
Version 3
5.0 Financial Information and Decisions
5.5 Analysis of Accounts
YOUR ANSWER
REW’s current ratio has increased from 1.5 to 2, indicating an increase in liquidity. This means REW will be able to pay two times of its short-term debts. However, as REW’s acid test ratio reduced from 1.2 to 1 in 2018, REW may only pay up all their short term debts if REW sells all their inventory.
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