A firm has net working capital of R714.15, current liabilities of R2276.81 & inventory of R803.44. What is the current ratio? What is the quick ratio?

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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This is 1 question that has 2 sub-parts. Please answer both questions.

NB!!! Round off both answers to 2 decimal places.

A firm has net working capital of R714.15, current liabilities of R2276.81 & inventory of
R803.44.
What is the current ratio?
What is the quick ratio?
Transcribed Image Text:A firm has net working capital of R714.15, current liabilities of R2276.81 & inventory of R803.44. What is the current ratio? What is the quick ratio?
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