Henry Mellett has the following extracts from his balance sheet as at 31 March 2001. s Current

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Henry Mellett has the following extracts from his balance sheet as at 31 March 2001.

s Current Assets Stock 183243 Debtors 12,407 Cash 1,283 Current Liabilities Creditors 14,836 Long-term Creditors 30,000 Total net assets 150,000 Required:

Calculate the following liquidity and gearing ratios:

(a) Current ratio

(b) Quick ratio

(c) Gearing ratio.

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Accounting For Non Specialists

ISBN: 9780471495727

1st Edition

Authors: Michael Jones

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Question Posted: Jul 15, 2024 01:07 AM

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Henry Mellett has the following extracts from his balance sheet as at 31 March 2001. s Current

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Accounting For Non Specialists

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