Divine Calculate The Current Ratio For Each Year
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Calculate the applicable ratios for each year and provide substantial explanation of any trends from prior years industry competitors or other similar benchmarks.
Calculate the current ratio for each year. 2107 Total Current. Current assets also called short-term assets are cash or any other kind of asset that will be converted to cash within one year. 0 of 2 used.
Calculate the quick ratio for each year. You can find them on the balance sheet alongside all of your business other assets. Round answers to 2 decimal places eg.
2017 2016 Net working capital 476606 430085 SHOW SOLUTION LINK TO TEXT Attempts. Current ratio Current assetsCurrent liabilities Current ratio 2017 9617164628 149 times Current ratio 2018 10412469060 151 times. 2771 Total Current Assets.
53000 Total Current Liabilities. Calculate the current ratio for each year. Interpretation of Current Ratios If Current Assets Current Liabilities then Ratio is greater than 10.
52390 22800 23. Current Ratio It is an accounting ratio which measures the companys ability to pay short term debt. The ratio considers the weight of total current assets versus total current liabilities.
Current Ratio Formula Current Assets Current Liablities. Cash 19500 34000. Complete the below table to calculate each years current ratio.
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