2 USE THE FOLLOWING FINANCIAL STATEMENTS TO DO A COMPLETE LIQUIDITY ANALYSIS FOR THE TSWELOPELE LOCAL MUNICIPALITY: Tip: Your liquidity analysis should include the following calculations: Current ratio 2013 & 2014 Acid test ratio 2013 & 2014 Cash/Cost coverage ratio 2013 & 2014 Turnover of accounts receivable 2013 & 2014 Cash to interest 2013&2014. Debt to cash 2013&2014 Cash to income 2013&2014 Your calculations should be followed by a detailed analysis of your findings explaining the implications of each calculation. (90 Marks) TSWELOPELE LOCAL MUNICIPALITY STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2014 2014 2013 Assets R R Current Assets 16,834,448 25,786,778 Cash and cash equivalents 3 12,848,020 14,110,511