Assess the liquidity of Harrogate Spring Water.

(1) Calculations Extract B Harrogate Spring Water Harrogate Spring Water manufactures award winning bottled water. The brand is internationally renowned and synonymous with exceptional quality. It is the official water of Ascot Racecourse, England Cricket and the British Masters golf tournament. In 2013 the business increased sales by 16%. It was operating close to maximum capacity. In 2014 it invested 66 million in a new bottling plant. It operates a system of flow production. The new plant will increase capacity ensuring it can meet demand. Harrogate Spring Water maintains its competitive advantage through the effective use of lean production techniques. In 2014 Harrogate Spring Water achieved turnover of 99.1 million and a gross profit margin of 2.9%. in 2012 its current ratio was 1.22 and the acid test ratio 0.44. Table 1 shows an extract from the statement of financial position for 2013 and 2014. Assess the liquidity of Harrogate Spring Water. (10) Calcubations" Vatios t analysis