Which one of the following would not form part of the calculation of the current ratio of an entity?

Name: Which one of the following would not form part of the calculation of the current ratio of an entity?
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Question

Quizplus · Accepted Answer

The current ratio measures a company's ability to pay short-term obligations with its short-term assets. A trade payable due for payment more than 12 months after the statement of financial position date is a long-term liability and does not factor into the current ratio calculation.

Which One of the Following Would Not Form Part of the Calculation