You are the accountant at Indigo. Refer to Appendix III for Indigos Consolidated Balance Sheet as at
Question:
You are the accountant at Indigo. Refer to Appendix III for Indigo’s Consolidated Balance Sheet as at March 31, 2018. Your manager has assigned you the following tasks.
a. Calculate the current ratio, quick ratio, and debt to equity ratios for 2017 and 2018. Round your answer to two decimal places.
b. Comment on the ratios, the change between 2017 and 2018, and what additional information you would want to know to get a better picture of Indigo’s financial performance.
Balance SheetBalance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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2018 2017 Current ratio 487152000 230149000 212 482471000 234329000 206 Quick ratio 150256000 600000...View the full answer
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Related Book For 
Fundamental Accounting Principles Volume I
ISBN: 978-1260305821
16th Canadian edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
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