Calculate the following ratioLiquid ratio. Year ended31 DecemberYear ended31 December20202019RO53,662,614(48,716,564)4,946,050633,025Noles1920RO53,513,151(47,632,631)5,880,520257,487RevenueCost of revenueGross profitOther incomeFair value changes in financial assets at fair value through profit orlossAdministrative expensesSales and marketing expenses2111,007(3,733,997)(75,785)2,339,232(580,351)1,758,881(405,809)1,353,07211222340,544(3,415,994)(125,188)2,078,437(751,486)1,326,951255,4161,582,367Operating profitFinance costsProfit before taxIncome taxProfit for the yearOther comprehensive incomeTotal comprehensive income for the yearEarnings per share - basic and diluted24261,353,0720.0271,582,3670.03228 31 December2020RO31 December2019RONotesASSETSNon-current assets:Property, plant and equipmentRight-of-use assetsTotal non-current assetsCurrent assets:28,852,440926,05629,778,49628,170,275534,397728,704,672InventoriesTrade and other receivablesAmounts due from related partiesFinancial assets at fair value through profit or lossCash and cash equivalentsTotal current assets810,085,1337,467,9292,635,005397,5565,978,71726,564,34056,342,83614,220,83612,764,3172,734,394386,5492,959,34333,065,43961,770,11110.21112Total assetsEQUITY AND LIABILITIESShare capitalShare premiumLegal reserveGeneral reserveRetained earningsTotal equity131415164,996,3063,587,7822,089,1032,891,82618,781,52632,346,5434,996,3063,587,7822,089, 1032,891,82618,427,72231,992,739LIABILITIESNon-current liabilities:Lease liabilities7BorrowingsEmployees' end of service benefitsDeferred tax liabilityTotal non-current liabilities942,0531,558,857487,1681,145,6114,133,689502,7635,000,000470,4871,023,1226,996,3721725.b26Current liabilities:Lease iabilitiesAmounts due to related partiesBorrowingsTrade and other payablesIncome tax payableTotal current liabilitiesTotal liabilitiesTotal equity and liabilitiesNet assets per share738,19419,64311,004,8808,516,696283,18619,862,60423,996,29356,342,8360.64741,81423,41120,646,6151,959,950109,21022,781,00010.217182629,777,37261,770,1110.64027

Liquid Ratio = [Total current Asset -Inventories]/Total Current Liabilities

Answered: Calculate the following ratio Liquid…

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Finance

Calculate the following ratio Liquid ratio.

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter7: Fixed Assets, Natural Resources, And Intangible Assets

Section: Chapter Questions

Problem 7.4MBA

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