Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Evaluate the table for below based on the changes and remarks given 2022 2021 Change Current Assets 155,211,936.00 148,319,504.00 4.65% Current Liabilities 130,000,440.00 100,443,537.00 29.43%
Evaluate the table for below based on the changes and remarks given
2022 | 2021 | Change | ||
Current Assets | 155,211,936.00 | 148,319,504.00 | 4.65% | |
Current Liabilities | 130,000,440.00 | 100,443,537.00 | 29.43% | |
Inventory | - | - | nil | |
Cash and Cash Equivalent | 7,257,796.00 | 23,162,063.00 | -68.67% | |
I. Liquidity Ratio | ||||
2022 | 2021 | Change | Remarks | |
Current Ratio | 1.19 | 1.48 | -19.15% | Decrease |
Quick Ratio | 1.19 | 1.48 | -19.15% | Decrease |
Cash Ratio | 0.06 | 0.23 | -75.79% | Decrease |
Working Capital | 25,211,496.00 | 47,875,967.00 | -89.90% | Decrease |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started