Finfish ehf. has assets that are accounted for as follows:

Soma boat 25 million ISK, accounts receivable 15 million ISK, bank balances of ISK 2 million, goodwill is ISK 12 million. ISK, inventory up to 4 million ISK and shares in a subsidiary for 5 million ISK.  The company owes ISK 15 million. in overdrafts and 17 million ISK for a long-term loan. Calculate the company's equity ratio and working capital ratio.

Answer rating: 100% (QA)

To calculate the companys equity ratio we need to divide the total equity by the total assets Equity ... View the full answer