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Jay Joy Balance Sheet (Statement of Financial Position) as at 30 September 2021 N$ N$ N$ OWNERS EQUITY (i) Capital 96 800 Add: Net profit
Jay Joy Balance Sheet (Statement of Financial Position) as at 30 September 2021 N$ N$ N$ OWNERS EQUITY (i) Capital 96 800 Add: Net profit 15 000 111 800 Less: (ii). 10 000 EMPLOYMENT OF CAPITAL Fixed Assets (Noncurrent assets) Cost price Provision for depreciation (iii).. Machinery 15 000 2 250 12 750 Furniture 65 000 9 750 55 250 Fixtures and Fittings 26 000 (iv) 23 400 106 000 14 600 91 400 Working capital (vi).. Current assets 20 400 Stock (Inventory) 8 000 Accrued income (Other receivables) (v). Bank 10 400 Current liabilities 10 000 Accrued Expenses (Other payables) 10 000 (vii).) Calculate the following ratios correct to two decimal places. i. Current ratio (2) ii. Quick ratio
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