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Here is the balance sheet of a fictional company called Modern T-Shirts, an online business. Balance Sheet as of 31.12.2023 for Modern T-shirts (in
Here is the balance sheet of a fictional company called Modern T-Shirts, an online business. Balance Sheet as of 31.12.2023 for Modern T-shirts (in SAR) Assets Liabilities Cash and Cash Equivalents 30000 Accounts payable (Creditors) 18000 Short-term Investments 20000 Tax Liabilities 2000 Accounts Receivable 20000 Long-term Loans Borrrowed 10000 Inventory 20000 Total Liabilities 30000 Prepaid Expenses 10000 Owner's Equity Non-current Assets Share's Capital 10000 Equipment 20000 Retained Earnings 80000 Total Liabilities & Total Assests 120000 120000 Shareholders Equity Calculate, i) Current ratio = ii) Quick ratio iii) Debt ratio iv) Debt-to-equity ratio
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