Ratio Analysis - critical analysis and discussion with proper use of concepts and principles.

Liquidity or Short-term Solvency Ratio Types Current Assets Current Ratio = Current Liabilities 2019('000) 2020("000) 22,160,811 = 35,427,938 19,983,453 = 38,671,272 =0.6255 = 0.5168 Acid Test or Quick Ratio = Current Asset-Inventory Current Liabilities (22,160,811 - 2,783,723) + 35,427,938 (19,983,453 -2,184,363) - 38,671,272 = 0.5469 = 0.4603