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The following amounts were reported by Sindarius Ltd. in its most recent statement of financial position: 2020 2019 Cash and cash equivalents $34,020 $97,680 272,160
The following amounts were reported by Sindarius Ltd. in its most recent statement of financial position: 2020 2019 Cash and cash equivalents $34,020 $97,680 272,160 Accounts receivable (net) Inventory 207,570 623.700 476.190 Prepaid expenses 17,010 16,280 Property, plant, and equipment (net) 1,173,100 1.242,300 Accounts payable 443,000 309,000 33.000 Wages payable Income tax payable 29,000 24.000 18,000 Unearned revenue 67,000 51.000 Long-term bank loan payable 816,000 886,000 Common shares 200,000 200.000 Retained earnings 536,990 547,020 Retained earnings 536,990 547,020 The company had sales of $2,068.416 in 2020 and $2,179,485 in 2019. All sales were on account. (a) Calculate the current ratio and quick ratio for Sindarius Ltd. for the current and preceding year. (Round ratios to 2 decimal places, eg. 15.25) 2020 2019 Current ratio Quick ratio Current ratio Quick ratio
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