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Activity 6.2 Refer to the balance sheet below and calculate: Current Ratio and discuss its significance Quick ratio and interpret results and discuss its significance

Activity 6.2 Refer to the balance sheet below and calculate: Current Ratio and discuss its significance Quick ratio and interpret results and discuss its significance Inventories $ 50,000 Trade receivables 50,000 Advance tax 4,000 Cash and cash equivalents 30,000 Trade payables 1,00,000 Short-term borrowings (bank overdraft) 4,000 (10 marks)

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