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The following data have been extracted from the Financial Statement of Golden plc at 31/12/2019: 2019 2020 Fixed Assets 100,000 150,000 Current Assets 50,000 100,000

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The following data have been extracted from the Financial Statement of Golden plc at 31/12/2019: 2019 2020 Fixed Assets 100,000 150,000 Current Assets 50,000 100,000 Current Liabilities 50,000 150,000 Long Term Loan 50,000 25,000 Net Profit 150,000 125,000 Requirement: Calculate the Current Ratio and Debt Ratio for both years and critically comment the performance of the Company (All Calculation Must Be Shown to the Nearest Euro). MARKS 10 Av B I SS

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