You are the accountant at Indigo. Refer to Appendix III for Indigos Consolidated Balance Sheet as at
Question:
You are the accountant at Indigo. Refer to Appendix III for Indigo’s Consolidated Balance Sheet as at March 2020. Your manager has assigned you the following tasks.
1. Calculate the current ratio, quick ratio, and debt to equity ratios for 2019 and 2020. Round your answer to two decimal places.
2. Comment on the ratios, the change between 2019 and 2020, and what additional information you would want to know to get a better picture of Indigo’s financial performance.
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Step by Step Answer:
Current ratio Quick ratio Debt to equity ratio 2020 382239000 297085000 129 120473000 7640000 297085...View the full answer
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Related Book For 
Fundamental Accounting Principles Volume 1
ISBN: 9781260881325
17th Canadian Edition
Authors: Kermit D. Larson, Heidi Dieckmann, John Harris
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