Calculate the following Ratio:Current ratioLiquid Ratio 20202019NotesRO '000RO '000ASSETSNon-current assetsProperty, plant and equipmentOther receivables571,92473,88325374,136Total non-current assets71,924Current assetsInventoriesTrade and other receivablesCash and bank balances3,16512,7413,532I1,0688,65953Total current assets23,25997,39515,959Total assets87,883EQUITY AND LIABILITIESEquityShare capitalLegal reserveRetained earningsTotal equity97,0397,039706109401,8489,5932,0069,985Non-current liabilitiesSenior facility loanProvision for asset retirement obligationLease liabilityDeferred tax liabilityProvision for end of service benefits62,9971601082,19311(a)59,3271316814106202,653Total non-current liabilities62,25465,464Current liabilitiesSenior facility loanLease liabilityTrade and other payablesShort term loan facilityDue to related parties1l(a)3,7333,57114331211,9087,0903,0008,67422,33887,80297,3950.13611(b)19Total current liabilities15,64477,89887,8830.142Total liabilitiesTotal equity and liabilitiesNet assets per share24 20202019NotesRO *000RO *00017,658(11,102)6,556Revenue15Operating costsGross profit18,017(11,385)6,63216General and administrative expensesFinance costs – net17(646)(3,136)212,795(964)(3,438)99818Other incomeProfit before tax3,228Тах еxpenseProfit and total comprehensive income for the year(460)2,33520(591)2,637Basic and diluted profit per share for the year230.0330.037

Name: Calculate the following Ratio:Current ratioLiquid Ratio 20202019NotesR
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Description: Calculate the following Ratio:Current ratioLiquid Ratio 20202019NotesRO '000RO '000ASSETSNon-current assetsProperty, plant and equipmentOther receivables571,92473,88325374,136Total non-current assets71,924Current assetsInventoriesTrade and other rece

Current ratio: It is a liquidity ratio that defines a company's ability to pay its current…

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Accounting

2020 2019 Notes RO *000 RO '000 ASSETS Non-current assets Property, plant and equipment Other receivables 5 71,924 73,883 253 74,136 7 Total non-current assets 71,924 Current assets Inventories Trade and other receivables Cash and bank balances 3,165 12,741 3,532 11,068 8,659 53 Total current assets 15,959 23,259 97,395 Total assets 87,883 EQUITY AND LIABILITIES Equity Share capital Legal reserve Retained earnings Total equity 7,039 7,039 706 10 940 2,006 9,985 1,848 9,593 Non-current liabilities Senior facility loan Provision for asset retirement obligation Lease liability Deferred tax liability Provision for end of service benefits Total non-current liabilities 1(a) 59,327 62,997 160 13 168 14 106 108 20 2,653 2,193 6. 62,254 65,464 Current liabilities Senior facility loan Lease liability Trade and other payables Short term loan facility Due to related parties 1l(a) 3,733 3,571 14 3 3 12 11,908 7,090 3,0 8,674 22,338 87,802 97,395 0.136 11(b) 19 Total current liabilities 15,644 77,898 87,883 0.142 Total liabilities Total equity and liabilities Net assets per share 24

2020 2019 Notes RO *000 RO '000 ASSETS Non-current assets Property, plant and equipment Other receivables 5 71,924 73,883 253 74,136 7 Total non-current assets 71,924 Current assets Inventories Trade and other receivables Cash and bank balances 3,165 12,741 3,532 11,068 8,659 53 Total current assets 15,959 23,259 97,395 Total assets 87,883 EQUITY AND LIABILITIES Equity Share capital Legal reserve Retained earnings Total equity 7,039 7,039 706 10 940 2,006 9,985 1,848 9,593 Non-current liabilities Senior facility loan Provision for asset retirement obligation Lease liability Deferred tax liability Provision for end of service benefits Total non-current liabilities 1(a) 59,327 62,997 160 13 168 14 106 108 20 2,653 2,193 6. 62,254 65,464 Current liabilities Senior facility loan Lease liability Trade and other payables Short term loan facility Due to related parties 1l(a) 3,733 3,571 14 3 3 12 11,908 7,090 3,0 8,674 22,338 87,802 97,395 0.136 11(b) 19 Total current liabilities 15,644 77,898 87,883 0.142 Total liabilities Total equity and liabilities Net assets per share 24

FINANCIAL ACCOUNTING

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ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Calculate the following Ratio:

Current ratio

Liquid Ratio

2020
2019
Notes
RO '000
RO '000
ASSETS
Non-current assets
Property, plant and equipment
Other receivables
5
71,924
73,883
253
74,136
Total non-current assets
71,924
Current assets
Inventories
Trade and other receivables
Cash and bank balances
3,165
12,741
3,532
I1,068
8,659
53
Total current assets
23,259
97,395
15,959
Total assets
87,883
EQUITY AND LIABILITIES
Equity
Share capital
Legal reserve
Retained earnings
Total equity
9
7,039
7,039
706
10
940
1,848
9,593
2,006
9,985
Non-current liabilities
Senior facility loan
Provision for asset retirement obligation
Lease liability
Deferred tax liability
Provision for end of service benefits
62,997
160
108
2,193
11(a)
59,327
13
168
14
106
20
2,653
Total non-current liabilities
62,254
65,464
Current liabilities
Senior facility loan
Lease liability
Trade and other payables
Short term loan facility
Due to related parties
1l(a)
3,733
3,571
14
3
3
12
11,908
7,090
3,000
8,674
22,338
87,802
97,395
0.136
11(b)
19
Total current liabilities
15,644
77,898
87,883
0.142
Total liabilities
Total equity and liabilities
Net assets per share
24

2020
2019
Notes
RO *000
RO *000
17,658
(11,102)
6,556
Revenue
15
Operating costs
Gross profit
18,017
(11,385)
6,632
16
General and administrative expenses
Finance costs – net
17
(646)
(3,136)
21
2,795
(964)
(3,438)
998
18
Other income
Profit before tax
3,228
Тах еxpense
Profit and total comprehensive income for the year
(460)
2,335
20
(591)
2,637
Basic and diluted profit per share for the year
23
0.033
0.037

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