Question
what does the below mean for a business? is it doing well or not? what can be deduced from this? Current ratio= Current Assets/Current liabilities
what does the below mean for a business? is it doing well or not? what can be deduced from this?
Current ratio= Current Assets/Current liabilities
FY 2011
=2840 299/3024 767
= 0.94
FY2010
2726 963/2672 087
=1.02
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Accounting An Introduction
Authors: Atrill Peter, Eddie McLaney
6th Edition
0273771833, 978-0273771838
