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20X9 ASSETS CURRENT Cash 564,911 Trade and other receivables 8,158,139 Unbilled revenue 2,679,949 11,402,998 EQUIPMENT ( Note 3 ) 541,404 $ 11,944,402 LIABILITIES CURRENT Bank

20X9
ASSETS
CURRENT
Cash 564,911
Trade and other receivables 8,158,139
Unbilled revenue 2,679,949
11,402,998
EQUIPMENT (Note 3) 541,404
$ 11,944,402
LIABILITIES
CURRENT
Bank indebtedness -
Trade and other payables 4,048,068
Government remittances 270,883
4,318,952
PROMISSORY NOTE 3,500,000
3,500,000
SHAREHOLDERS EQUITY
Share capital (Note 4) 200
Retained earnings 4,125,250
4,125,450
$ 11,944,402
Credit Facilities Details
New debt: 1,000,000.00
Amortization (months): 72
Number of periods (years):
Rate: 5.1%
Annual Payment
Credit Line: 3,000,000.00
Spread:
Prime: 3.0%
All-in:
Projected utilization:

What is Richardson Repair Services' 20X9 Current Ratio, tested under the following assumptions: 1. The $1MM loan is equal amortizing 2. The operating line is being tested at 75% average utilization

Review Later

1.86x

2.64x

1.69x

1.45x

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