Question: Need in handwriting QUESTION 4 (12 MARKS) The following data were taken from the statements of financial position of Ceria Bhd at the end of

Need in handwriting QUESTION 4 (12 MARKS) The following data were taken Need in handwriting

QUESTION 4 (12 MARKS) The following data were taken from the statements of financial position of Ceria Bhd at the end of years 2018 and 2019: Cash Marketable securities Account receivables Inventories Prepaid expenses Total current assets Accounts payable Accrued liabilities Total current liabilities 2019 (RM) 480,000 576,000 384,000 408,000 552,000 2,400,000 600,000 200.000 800,000 2018 (RM) 392,000 411,600 316,400 333,200 506,800 1,960,000 525,000 175,000 700,000 (a) Determine for year 2019 and 2018: (i) Working capital (ii) Current ratio (iii) Quick ratio (9 Marks) (b) What conclusion can be drawn from these data as to the company's ability to meet its currently maturing debts

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