Question: Evaluate the table for below based on the changes and remarks given 2022 2021 Change Current Assets 155,211,936.00 148,319,504.00 4.65% Current Liabilities 130,000,440.00 100,443,537.00 29.43%

Evaluate the table for below based on the changes and remarks given

2022 2021 Change
Current Assets 155,211,936.00 148,319,504.00 4.65%
Current Liabilities 130,000,440.00 100,443,537.00 29.43%
Inventory - - nil
Cash and Cash Equivalent 7,257,796.00 23,162,063.00 -68.67%
I. Liquidity Ratio
2022 2021 Change Remarks
Current Ratio 1.19 1.48 -19.15% Decrease
Quick Ratio 1.19 1.48 -19.15% Decrease
Cash Ratio 0.06 0.23 -75.79% Decrease
Working Capital 25,211,496.00 47,875,967.00 -89.90% Decrease

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