ACCA F3 Incomplete Ratio

Analysis of the statement of financial position of Charon for the year ended X3 reveals the following relationships.

If the sales for the year were $900,000, what is the value of inventory that will appear in the statement of financial position?

Suggested solutions:

Sales	900,000
Sales to Current assets	10
Value of Current assets	90,000
Current Ratio	5
Value of Current Liabilities	18,000
Inventory as a Ratio to Current Liabilities	0.5
Answer	9,000