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Statement of Financial Position (Balance sheet) 31/12/2018 Assets: Equity and Liabilities: Property,Plants &Equity 100,000 Share Capital ($0.5 Par) (Common Stocks) 50,000 Investment in Associate 50,000
Statement of Financial Position (Balance sheet) 31/12/2018 | |||
Assets: | Equity and Liabilities: | ||
Property,Plants &Equity | 100,000 | Share Capital ($0.5 Par) (Common Stocks) | 50,000 |
Investment in Associate | 50,000 | Share premium (APIC) | 20,000 |
Inventory | 10,000 | Retained Earnings | 15,000 |
Receivables | 7,000 | Preference shares | 10,000 |
Cash and Equivalents | 5,000 | Bank Loan | 62,000 |
Total | 172,000 | Trade Payable | 10,000 |
Accruals | 5,000 | ||
Total | 172,000 |
the current ratio is
Select one:
a.
2.24
b.
other
c.
0.8
d.
1.47
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