Required:

Using suitable ratios, analyse the information provided and recommend what actions should be taken.

The following financial information relates to HGR Co:

Statement of financial position at the current date $($extracts$)$

Non$-$current assets

$$000$

$$000$

$$000$

Current assets

Inventory

$8,160$

Accounts receivable

$8\mathrm{.}775$

$65,{900}_{{?}_{?}}$

Current liabilities

Overdraft

Accounts payable

$\backslash$table$[[3,800],[10,200]]$

$14\mathrm{.}000$

Required:

Calculate: Current ratio and Quick Ratio and make comments.