current ratio,quick ratio and cash ratio and give recommendation

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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explain the image the current ratio,quick ratio and cash ratio and give recommendation

АCTUAL
PROJECTED
FOR THE YEAR ENDED 31 DECEMBER
FOR THE YEAR ENDED 31 DECEMBER
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
LIQUIDITY RATIOS
Current asset
30,368,735
37,328,920
42.738.201
45,619,402
44.852.728
80,040,557
58,928,475
46,523,800
52.431,913
47,037,388
46,896,905
42,147,324
Current Liabilities
23,831,415
26,946,840
34.184.527
67.345.320
53,300,292
60.952,747
63,646,998
56.435,165
CURRENT RATIO
1.27
1.39
1.25
0.68
1.36
0.89
0.88
0.77
0.66
0.79
38,973,976.98
60,952,747
Quick Assets
24,381,388.36
30,493,406.00
33,926,027.00
35,653,318.00
67.345.320
71,744,729.00
38,761,112.32
39,021,418.72
34,601,157.25
37,344,597.81
Current Liabilities
23.831.415
26,946,840
34,184,527
58,928,475
52.431.913
53,300,292
63,646,998
56,435,165
QUICK RATIO
1.02
1.13
0.99
0.53
1.22
0.74
0.73
0.64
0.54
0.66
23,394,906
63,646,998
Cash and cash equivalents
16,733,346
23,831,415
21,107,474
26,946,840
26,639,079
60,952,747
20.892.021
25,735,682
56.435,165
23,285,915
21,361,486
24,828,254
52.431,913
27,592,798
Current Liabilities
34,184,527
67,345,320
58.928,475
53,300,292
CASH RATIO
0.70
0.78
0.68
0.31
0.36
0.47
0.52
0.44
0.37
0.46
Transcribed Image Text:АCTUAL PROJECTED FOR THE YEAR ENDED 31 DECEMBER FOR THE YEAR ENDED 31 DECEMBER 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 LIQUIDITY RATIOS Current asset 30,368,735 37,328,920 42.738.201 45,619,402 44.852.728 80,040,557 58,928,475 46,523,800 52.431,913 47,037,388 46,896,905 42,147,324 Current Liabilities 23,831,415 26,946,840 34.184.527 67.345.320 53,300,292 60.952,747 63,646,998 56.435,165 CURRENT RATIO 1.27 1.39 1.25 0.68 1.36 0.89 0.88 0.77 0.66 0.79 38,973,976.98 60,952,747 Quick Assets 24,381,388.36 30,493,406.00 33,926,027.00 35,653,318.00 67.345.320 71,744,729.00 38,761,112.32 39,021,418.72 34,601,157.25 37,344,597.81 Current Liabilities 23.831.415 26,946,840 34,184,527 58,928,475 52.431.913 53,300,292 63,646,998 56,435,165 QUICK RATIO 1.02 1.13 0.99 0.53 1.22 0.74 0.73 0.64 0.54 0.66 23,394,906 63,646,998 Cash and cash equivalents 16,733,346 23,831,415 21,107,474 26,946,840 26,639,079 60,952,747 20.892.021 25,735,682 56.435,165 23,285,915 21,361,486 24,828,254 52.431,913 27,592,798 Current Liabilities 34,184,527 67,345,320 58.928,475 53,300,292 CASH RATIO 0.70 0.78 0.68 0.31 0.36 0.47 0.52 0.44 0.37 0.46
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