Current ratio = Current agets Current liabilities Quick ratio = Current assets - Stock Current liabilities For
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Current ratio = Current agets Current liabilities Quick ratio =
Current assets - Stock Current liabilities For Arbus Nugent Limited for 20X8 and 20X7:
20X8 20X7 Current ratio 87 620 .1 -) 0.1 31450 ' ' = ^
74850 . -1 -) :j..|
32 970 ■ ~ ■
Quick ratio 87 620-34 300 . i _ i ^.i 74850- 31 600 . 1 i ^.i 31450 _ _ _ _ • I I • ^ • I 32 970 Both the current ratio and the quick ratio have improved.
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Related Book For
Business Accounting And Finance For Non Specialists
ISBN: 9781861528728
1st Edition
Authors: Catherine Gowthorpe
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