Question: 3 Selected financial statement data for Meyer Company are presented below. Cash Short-term investments Accounts receivable Inventories Total current liabilities Required: Compute the following ratios

3 Selected financial statement data for Meyer Company are presented below. Cash Short-term investments Accounts receivable Inventories Total current liabilities Required: Compute the following ratios at 31 December 2020: 31 Dec 2020 (RM) 10,000 15,000 60,000 75,000 110,000 i. Current ratio ii. Acid-test ratio *** END OF QUESTIONS *** (6 MARKS)

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