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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 | 0.00% | No changes at all |
| Quick Ratio | 1.19 | 1.48 | 0.00% | No changes at all |
| Cash Ratio | 0.06 | 0.23 | -75.79% | Decrease |
| Working Capital | 25,211,496.00 | 47,875,967.00 | -89.90% | Decrease |
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Fundamentals Of Auditing
Authors: Basu
1st Edition
8131728854, 978-8131728857
