Use appropriate financial ratios, comment on the followings for both 2018 and 2019 (Note: Show all the financial ratios used AND provide the comments in wordings, supplemented by the ratios calculated):
a. Liquidity
b. Debt Management
c. Asset Efficiency
d. Profitability

 
 

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Air Macau Company Ltd Income Statement As of 31 December (MOP) 2019 2018 2019 2018 Operating Revenue Operating Costs and Expenses Services 3,563,733,636 3,408,778,281 Outsourced supplies and services 3,163,564,302 2,900,900,505 Non-core revenue 821,032,244 722,263,136 Staff expenses 782,625,016 737,551,871 4,384,765,880 4,131,041,417 Financial expenses 5,206,696 5,728,686 Financial revenue 61,557,635 57,383,868 Other expenses 146,730,834 142,777,376 4,446,323,515 4,188,425,285 Non-current asset depreciation 170,280,781 125,658,266 Provision for bad debts 221,466 4,268,407,629 3,912,838,170 Other loss of the period 16,130,631 36,735,634 Other revenue of the period 4,883,069 1,699,085 Income tax 16,219,627 27,595,334 4,451,206,584 4,190,124,370 4,300,757,887 3,977,169,138 Annual Profit 150,448,697 212,955,232 Air Macau Company Ltd Income Statement As of 31 December (MOP) 2019 2018 2019 2018 Operating Revenue Operating Costs and Expenses Services 3,563,733,636 3,408,778,281 Outsourced supplies and services 3,163,564,302 2,900,900,505 Non-core revenue 821,032,244 722,263,136 Staff expenses 782,625,016 737,551,871 4,384,765,880 4,131,041,417 Financial expenses 5,206,696 5,728,686 Financial revenue 61,557,635 57,383,868 Other expenses 146,730,834 142,777,376 4,446,323,515 4,188,425,285 Non-current asset depreciation 170,280,781 125,658,266 Provision for bad debts 221,466 4,268,407,629 3,912,838,170 Other loss of the period 16,130,631 36,735,634 Other revenue of the period 4,883,069 1,699,085 Income tax 16,219,627 27,595,334 4,451,206,584 4,190,124,370 4,300,757,887 3,977,169,138 Annual Profit 150,448,697 212,955,232

Answer rating: 100% (QA)

Liquidity ratio 2019 Current ratio Current assetcurrent liabilities Current assets inventorycustome recaccount rec other rec prepaid expensescash bank... View the full answer