The following information has been extracted from the financial statements of Lunar Flights Ltd. Required (a) Calculate

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The following information has been extracted from the financial statements of Lunar Flights Ltd. image text in transcribed

Required

(a) Calculate the following for 2024 and 2023:
(i) current ratio (ii) quick ratio.

(b) Comment on the liquidity and trend in liquidity, given that the industry average for these ratios are current 2.3:1 and quick 1.3:1.

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Accounting

ISBN: 9780730382737

11th Edition

Authors: John Hoggett, John Medlin, Keryn Chalmers, Claire Beattie

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Question Posted: Apr 25, 2024 06:02 AM

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The following information has been extracted from the financial statements of Lunar Flights Ltd. Required (a) Calculate

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Accounting

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