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Pink Limited has the following figures in its annual report. Details from the Income statement (in millions) include: Sales - $1220 Cost of Gonde sold
Pink Limited has the following figures in its annual report. Details from the Income statement (in millions) include: Sales
- $1220 Cost of Gonde
sold - $845. EBIT - $335 and NIAT - $197
Details from the Balance Sheet include (in millions) Receivables
- .195
Inventory - $145. Cash - $135. Total Assets - $2.229 Accounts Pavable
$122. Long term debt - $777 and Stockholders Equity - $1.330.
Compute the firms current ratio
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