CALCULATE THE FOLLOWING RATIOS:

a. Current Ratio (4marks)

b. Quick Ratio (4 marks

c. Debtors Ratio (4marks)

Calculate the following ratios: Calculate the following ratios: a) Current ratio. (4 marks) b) Acid test/ Quick ratio. (4 marks) c) Debtors ratio. (4 marks) Question 3 (9 marks) Ame is a sole trader who does not keep full accounting records. The following details relate to her transactions with credit customers and suppliers for the year ended 30 June 2016 : Required: Determine the value of purchases that should appear in the statement of profit or loss for the year ended 30 June 2016. Consider the following balance sheet for Companies ABC and XYZ Additional information: Sales for the year for ABC were 100,000 and sales for the year for XYZ were 200,000 . Required