Liquidity ratios measure Short-term Solvency. Below is the Emirates Financial Position (Balance Sheet) Statement for the ending 31st March 2021. Consolidated Statement of Financial Position as at 31 March 2021 2020 Note Note 2621 2020 2021 AED AID= AID= ASSETS Nunta EQUITY AND LIABILITIES Capital and rese Property plant and 2047 2102 Capital 15 43 Right of s LIGI Cotal mane Investment property 2004 420 387 Other mars 16 2121 ed canings 415 Ambutable to dinata's Or Investment accounted for using the th Trade and other receivables 4678 8.259 43 31 Non contrading st Deferred taxa 196 Total equilty AMI 7,314 Current Non-current abilin Trade and other proble T 2,164 211 2361 Trade and other receivables Decal instruments Bowings and lease labuities 642 Cuentas 29 255 Short term hak de 1730 4,109 Cash and cash equivalents 960 Current Rabilities 6,960 Trade and other godine 3257 Total 14274 Bowings and see lubation 957 Derative francid ixtures Praisons Cubes 149 $7 17 21 1.300 AN Total Rabi 7,719 401 Total equity and abilities 14,274 16.703 Use the above Financial Statement to calculate Liquidity Ratios for the ending 31 March 2021: a) Current Ratio 2 marks b) Quick or Acid Test Ratio 2 marks c) Use the Current and Quick ratios of Emirates Airlines calculated above and the USA Current and Quick ratios of Aircraft industry below: Discuss whether Emirates Airlines is performing well or not compared to USA airline industry? 1 mark 1 1 10 11 34 20 93 14 24 29 23 2705 558 15 280 8143 156 2018 15 55 1,200 1616 8.540 16,700 17 19 18 30 17 19 24 18 ( *** **** 4.001 6.535 100 2462 1.065 7 AD 09 (412) Liquidity ratios measure Short-term Solvency. Below is the Emirates Financial Position (Balance Sheet) Statement for the ending 31st March 2021. Consolidated Statement of Financial Position as at 31 March 2021 2020 Note Note 2621 2020 2021 AED AID= AID= ASSETS Nunta EQUITY AND LIABILITIES Capital and rese Property plant and 2047 2102 Capital 15 43 Right of s LIGI Cotal mane Investment property 2004 420 387 Other mars 16 2121 ed canings 415 Ambutable to dinata's Or Investment accounted for using the th Trade and other receivables 4678 8.259 43 31 Non contrading st Deferred taxa 196 Total equilty AMI 7,314 Current Non-current abilin Trade and other proble T 2,164 211 2361 Trade and other receivables Decal instruments Bowings and lease labuities 642 Cuentas 29 255 Short term hak de 1730 4,109 Cash and cash equivalents 960 Current Rabilities 6,960 Trade and other godine 3257 Total 14274 Bowings and see lubation 957 Derative francid ixtures Praisons Cubes 149 $7 17 21 1.300 AN Total Rabi 7,719 401 Total equity and abilities 14,274 16.703 Use the above Financial Statement to calculate Liquidity Ratios for the ending 31 March 2021: a) Current Ratio 2 marks b) Quick or Acid Test Ratio 2 marks c) Use the Current and Quick ratios of Emirates Airlines calculated above and the USA Current and Quick ratios of Aircraft industry below: Discuss whether Emirates Airlines is performing well or not compared to USA airline industry? 1 mark 1 1 10 11 34 20 93 14 24 29 23 2705 558 15 280 8143 156 2018 15 55 1,200 1616 8.540 16,700 17 19 18 30 17 19 24 18 ( *** **** 4.001 6.535 100 2462 1.065 7 AD 09 (412)
