Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

From Zero To Zen Secret Keys To Nurturing Your Numbers And Finding Financial Flow

Authors: Liz Lajoie

1st Edition

1683507045, 978-1683507048

More Books

Students also viewed these Accounting questions

Question

18. If you have power, then people will dislike and fear you.

Answered: 1 week ago