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QUESTION 4 The following is the Statement of Financial Position of AAA Sdn Bhd as at on 31 March 2020: ASSETS: RM Building Plant and

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QUESTION 4 The following is the Statement of Financial Position of AAA Sdn Bhd as at on 31 March 2020: ASSETS: RM Building Plant and Machinery Inventory Accounts receivable Notes receivable Cash TOTAL ASSETS: RM 140,000 350,000 200,000 100,000 10,000 40,000 840,000 OWNER'S EQUITY AND LIABILITIES: Share capital Net income Reserves 12% Debentures Notes payable Accounts payable TOTAL OWNER'S EQUITY AND LIABILITIES: 200,000 30,000 40,000 420,000 100,000 50,000 840,000 REQUIRED: 350 000 Calculate: ratio $70 000 Current a. Current ratio Quick ratio +06 b. Quick asset werment tablicy

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