Question: 18 Section D-Question 1b The following information has been extracted from the accounts of Field Ltd and Solo Ltd in 2019. Both the business's sell
18 Section D-Question 1b The following information has been extracted from the accounts of Field Ltd and Solo Ltd in 2019. Both the business's sell mobile phone accessories on the internet. Field Ltd Solo Ltd C C Sales revenue 230,000 200,000 120,000 90,000 Costs of goods sold Net profit 40,000 28,000 Long term assets 70,000 60,000 Current assets 70,000 9,000 Current liabilities 30,000 15,000 Long term liabilities 58,000 22,000 168,000 Total capital employed 89,000 Use the formula sheet provided. This can be found in the exam information. . You must round your answers to TWO decimal places and state units in your final answers, where applicable. You are advised to show your workings. There is no requirement to rewrite the formula. Question: Calculate the current ratio for both businesses. Max score: 4 BIU H1 H2 HD EE I Text
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