current ratio.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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
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