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The company Samverk hf. owns the following assets which are accounted for as follows: Trucks 125 mln. ISK, vans 120 million ISK, forklifts 90 million
The company Samverk hf. owns the following assets which are accounted for as follows: Trucks 125 mln. ISK, vans 120 million ISK, forklifts 90 million ISK inventory 40 million ISK, accounts receivable 30 million ISK and bank deposits of 55 million ISK The company owes 25 million. ISK in an overdraft. Samverk also owes 1.0 million. EUR long-term loan. The exchange rate of the euro is ISK 145. Calculate the company's equity and working capital ratio
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