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What is the Acid Test Ratio (Quick Ratio) for 2017? 2017 $m 2016 $m Notes ASSETS Current assets Cash and cash equivalents Trade and other
What is the Acid Test Ratio (Quick Ratio) for 2017?
2017 $m 2016 $m Notes ASSETS Current assets Cash and cash equivalents Trade and other receivables 72.8 51.9 196.6 98.0 Inventories 000 859.9 546.4 Other current assets 41.4 6.1 Total current assets 1,170.7 702.4 Non-current assets 10 208.2 183.6 6 7.8 11 1,026.6 98.5 Plant and equipment Deferred tax assets Intangible assets Other non-current assets Total non-current assets Total assets 9 46.8 1,281.6 289.9 2,452.3 992.3 LIABILITIES 12 647.8 339.9 Current liabilities Trade and other payables Deferred revenue Provisions 13 141.8 45.1 14 75.4 46.0 Other current liabilities 15 9.0 4.9 11.8 10.9 885.8 446.8 Current tax liabilities Total current liabilities Non-current liabilities Borrowings Deferred revenue 17 558.8 109.7 13 99.6 Deferred tax liabilities 6 8.2 Provisions 14 11.8 6.4 Other non-current liabilities 15 34.6 24.7 140.8 Total non-current liabilities 713.0 Total liabilities 587.6 1,598.8 853.5 404.7 Net assets EQUITY Contributed equity 18 438.7 49.3 Reserves 19 33.2 27.1 328.3 381.6 Retained earnings Total equity 853.5 404.7Step by Step Solution
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