The income statement of Super Dan Badminton Rackets Pty Ltd for the year ending 30 June is
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Question:
The income statement of Super Dan Badminton Rackets Pty Ltd for the year ending 30
June is detailed below:
The following amounts have been extracted from the company’s balance sheet as at 30
June:
Required:
a) Calculate the following ratios for 2022 and 2021:
I. Current ratio
II. Quick ratio
III. Days inventory
IV. Days debtors
V. Activity cycle
b) Prepare a brief report commenting on the entity’s liquidity and asset efficiency
ratios.
Related Book For
Accounting Business Reporting For Decision Making
ISBN: 9780730302414
4th Edition
Authors: Jacqueline Birt, Keryn Chalmers, Albie Brooks, Suzanne Byrne, Judy Oliver
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