The No-Worries Lawn Mower Business owned by Fred Rainbird has the following condensed balance sheet on 31

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The No-Worries Lawn Mower Business owned by Fred Rainbird has the following condensed balance sheet on 31 December 20X1.

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The business' quick assets are 60 per cent of its current assets.
Required:
Calculate the business' working capital and its current, quick and debt ratios at the end of 20X1.

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Accounting Information For Business Decisions

ISBN: 9780170253703

2nd Edition

Authors: Billie Cunningham, Loren A. Nikolai, John Bazley, Marie Kavanagh, Geoff Slaughter, Sharelle Simmons

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Question Posted: Mar 02, 2024 11:01 PM

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The No-Worries Lawn Mower Business owned by Fred Rainbird has the following condensed balance sheet on 31

Question:

Current assets Non-current assets Total Assets 16 080 109 440 125 520 Current liabilities Non-current liabilities Total Liabilities F. Rainbird, capital Total Liabilities and Owner's Equity 8 160 44 040 52 200 73 320 125 520

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Accounting Information For Business Decisions

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