Question: Comme Share Below is a statement of Financial Position for a small business as at the end of 2019 with the total liability and total

Comme Share Below is a statement of Financial Position for a small business as at the end of 2019 with the total liability and total equity figures removed. ($'000) (S'000) Current Assets Current Liabilities Cash 6 Suppliers Accounts Payable 13 Inventory 24 Prepayments 7 Non-Current Liabilities Fixed Interest Bank Loan 40 Non-Current Assets Property, Plant & Equipment Equity Accumulated Depreciation (5) Contributed Capital Retained Earnings 72 40 5 2 Total Assets a) Calculate the Retained Earnings. (2 marks) Answer: b) Calculate the Current ratio. (2 marks) Answer: c) Calculate the Quick ratio (2 marks) Answer d) Calculate the Debt to Equity ratio. (4 marks) D ENG 2:11 PM 19/02/2021 X1 Carbon mon O Loe Home End Insert Delete ODO 5

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