Current ratio for the year 2020? Evoc CompanyStatements of Financial PositionDecember 312020 2019Intangibles and other assetsProperty, plant, and equipmentInvestmentsCurrent assets€ 530€ 5104203801010Prepaid expensesInventoryAccounts receivable (net)€120€160430390470433Cash and cash equivalents330 1,350 360 1,343€2,310€1,020Total assets€2,243Equity€1,040Non-current liabilitiesCurrent liabilities390393900810Total equity and liabilities€2,310€2,243

Introduction: Current ratio : It tells the ability of the company to pay its short term obligations…

Evoc Company Statements of Financial Position December 31 2020 2019 Intangibles and other assets Property, plant, and equipment Investments Current assets Prepaid expenses e 530 e 510 420 380 10 10 e120 €160 Inventory 430 390

Evoc Company Statements of Financial Position December 31 2020 2019 Intangibles and other assets Property, plant, and equipment Investments Current assets Prepaid expenses e 530 e 510 420 380 10 10 e120 €160 Inventory 430 390

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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Question

Current ratio for the year 2020?

Evoc Company
Statements of Financial Position
December 31
2020 2019
Intangibles and other assets
Property, plant, and equipment
Investments
Current assets
€ 530
€ 510
420
380
10
10
Prepaid expenses
Inventory
Accounts receivable (net)
€120
€160
430
390
470
433
Cash and cash equivalents
330 1,350 360 1,343
€2,310
€1,020
Total assets
€2,243
Equity
€1,040
Non-current liabilities
Current liabilities
390
393
900
810
Total equity and liabilities
€2,310
€2,243

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