At the end of the last financial year. your company's current assets were £81 million and its current liabilities were £75 million. At the end of the previous financial year, your company's current assets had been £72 million and its current liabilities had been £62 million. How would you describe your company's current ratio at the end of the last financial year, compared with the end of the previous year.

Answer rating: 100% (QA)

To compare the companys current ratio at the end of the last financial year with the end of the prev... View the full answer