Question
A company's Statement of Financial Position reports its current assets and current liabilities as shown below. Calculate the companys Working Capital ratio and Liquidity ratio?
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A company's Statement of Financial Position reports its current assets and current liabilities as shown below. Calculate the companys Working Capital ratio and Liquidity ratio?
| Current assets | '000 | Current liability | '000 |
| Inventory | 548 | Trade payable | 392 |
| Trade receivable | 486 | Accrued expense | 48 |
| Pre-payments | 12 | Taxation | 118 |
| Cash and bank | 32 | Dividend declared | 6 |
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The Curriculum Management Audit
Authors: Larry E. Frase, Fenwick W. English, William K. Poston
1st Edition
0810839318, 9780810839311
