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Can someone help to explain what does provision represents in this balance sheet? There was no other information provided and I have to calculate the
Can someone help to explain what does provision represents in this balance sheet? There was no other information provided and I have to calculate the "Debt-to-Asset Ratio" & "Debt-to-Equity Ratio", which require the total debt. Should I include provisions into the total debt to calculate these two ratios? Thank you.
$ $ $ Current Liabilities Accounts Payable Provisions Other financial liabilities Total Current Liabilities 60.7 14.3 65.3 14.7 56.1 13.9 $ $ $ 75.0 $ 80.0 $ 70.0 65.0 85.0 50.0 Non-Current Liabilities Loan Provision Total Non-Current Liabilities $ $ $ $ $ $ $ 65.0 $ 85.0 $ 50.0 Total Liabilities $ 140.0 $ 165.0 $ 120.0Step by Step Solution
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