The following information has been extracted from the financial statements of Blue Hills Ltd. Required (a) Calculate
Question:
The following information has been extracted from the financial statements of Blue Hills Ltd.
Required
(a) Calculate the following for 2020 and 2019:
i. current ratio
ii. quick ratio.
(b) Comment on the liquidity and trend in liquidity, given that the industry average for these ratios are: current 2.3:1 and quick 1.3:1.
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Related Book For
Financial Accounting
ISBN: 9780730363217
10th Edition
Authors: John Hoggett, John Medlin, Keryn Chalmers, Claire Beattie, Andreas Hellmann, Jodie Maxfield
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