Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

000 000 Non-current liabilities 8,700 Trade payables 4,100 Prepaid rent payable 1,600 Trade receivables 5,200 Salary accrual 2,000 Cash 3,500 Share capital and reserves 32,500

000

000

Non-current liabilities

8,700

Trade payables

4,100

Prepaid rent payable

1,600

Trade receivables

5,200

Salary accrual

2,000

Cash

3,500

Share capital and reserves

32,500

Depreciation for the year

4,000

Inventories

1,000

Equipment (after depreciation)

12,000

Compute

TelfordTelecom

Ltd's current ratio and gearing ratio.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing That Matters Case Studies Discussion Guide

Authors: Norman Marks

1st Edition

B089J5JCL2, 979-8650410546

More Books

Students also viewed these Accounting questions