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what is the quick ratio of halal cosmetics? Refer to the financial statements of Halal Cosmetics as at Dec 31, 2015 for the followng question

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Refer to the financial statements of Halal Cosmetics as at Dec 31, 2015 for the followng question HALAL COSMETICS LTD BALANCE SHEET AS AT DEC 31, 2015 Note 1: A charge card, unlike a credit card, must be paid in full each month. Note 1: A charge card, unlike a credit card, must be paid in full each month. HALAL COSMETICS LTD INCOME STATEMENT AS AT DEC 31, 2015 Before income tax What is the quick ratio of Halal Cosmetics? Formulae for Financial Ratio Analysis What is the quick ratio of Halal Cosmetics? Formulae for Financial Ratio Analysis - Current Ratio = Current Asset/ Current Llabilities - Quick Ratio = Quick Assets / Current Liabilities - Working Capital = Current Asset - Current Liabilities - Gross Profit Margin (Expressed as \%) = Gross Sales / Sales - Profit Margin (Expressed as \%) = Net Income/Sales - Average Collection Period (\#Days) = (Accounts Receivables * 365) / Credit Sales - Average Inventory Period (\#Days) = (Average Inventory * 365) / Cost of Goods Sold - Average Inventory = (Beginning Inventory + Ending Inventory) /2 - Debt to Equity = Total Liabilities / Shareholders' Equity 1.75:1.00 7.40:1.00 3.40:1.00 120:100

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