current ratio.

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 16MCQ
icon
Related questions
Question
Practice Pack
Based on the table below, calculate the current ratio.
Detail
Amount (RM '000.00)
Cash equivalents
34
Inventories
12
Investment
10
Borrowing
10
Financial assets
15
Trade payable
12
Others Currents liabilities
2.3
Loans
3.6
Trade receivables
40
Bank balance
110
Transcribed Image Text:Based on the table below, calculate the current ratio. Detail Amount (RM '000.00) Cash equivalents 34 Inventories 12 Investment 10 Borrowing 10 Financial assets 15 Trade payable 12 Others Currents liabilities 2.3 Loans 3.6 Trade receivables 40 Bank balance 110
Expert Solution
video

Learn your way

Includes step-by-step video

steps

Step by step

Solved in 3 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning