Justitute of Technology EMGT 1100 - Accounting 1 F. USING THE INFORMATION IN THE FINANCIAL STATEMENTS (6 Marks) . Using your classified balance sheet from question above, calculate the Current ratio. (2 marks) Current lotio - Current assets Current die bilings 2 217,00 2. Using your classified balance sheet from question E. above, calculate the Acid Acid - test sho Cabh + Shoot teom inustmects + Receivebles Current liabililhes 2000 12,000 : 80 test ratio. (2 marks) - 2000 + 0 + 9,000 19,00 3. What do these ratios indicate? (2 marks) Current ratio includes the total the total current tiabilities. 30:91 30:91 - d. 2,0 ries: Acid-test ratio include the sum of Cash, short term investment & receivables, which afterwalds. divided by the Current liabilities. currents divided - by Boooo 36 Justitute of Technology EMGT 1100 - Accounting 1 F. USING THE INFORMATION IN THE FINANCIAL STATEMENTS (6 Marks) . Using your classified balance sheet from question above, calculate the Current ratio. (2 marks) Current lotio - Current assets Current die bilings 2 217,00 2. Using your classified balance sheet from question E. above, calculate the Acid Acid - test sho Cabh + Shoot teom inustmects + Receivebles Current liabililhes 2000 12,000 : 80 test ratio. (2 marks) - 2000 + 0 + 9,000 19,00 3. What do these ratios indicate? (2 marks) Current ratio includes the total the total current tiabilities. 30:91 30:91 - d. 2,0 ries: Acid-test ratio include the sum of Cash, short term investment & receivables, which afterwalds. divided by the Current liabilities. currents divided - by Boooo 36