make a comparative analysis (between year 2019 and 2020) and find current ratio, acid test ratio and debt ratio. Grumpy Cat CompanyComparative Statements of Financial PositionDecember 31, 2020 and 201920202019ASSETSCurrent AssetsCash and cash equivalentsTrade and other receivablesMarketable equity securitiesMerchandise inventoryP1,896,337653,974468,220677,520P1,456,997885,697450,000756,44240,6193,589,755Other current assetsTotal current assets8.6503.704,701Noncurrent assetsProperty. plant and equipment, netInvestment in associateInvestment property, netOther noncurrent assetsTotal noncurrent assets4,302,981530,9783,597,556220.0008,651,5154,506,669389,6643,699,754385,6008,981,687TOTAL ASSETSP12,356,216P12,571,442LIABILITIES AND EQUITYCurrent liabilitiesTrade and other payablesIncome tax payableCurrent portion of bonds payableOther current liabilities556,000458,8001,320,00088.2002,423,000658,000500,0001,000,000125.0002,283,000Total current liabilitiesNoncurrent liabilitiesBonds payableOther noncurrent liabilitiesTotal noncurrent liabilities4,283,69480,0004.363,6945,663,99788,0005,751,997Shareholders' EquityOrdinary share capitalOrdinary share premiumRetained earningsRetained earnings - bondsTotal shareholders' equity2,000,000500,0002,209,5221,000,0005,709,5222,000,000500,0001,896,4454,396,445TOTAL LIABILITIES AND EQUITYP12,356,216P12,571,442

The current ratio refers to how many current assets are available to cover the current liabilities…

Answered: make a comparative analysis (between…

Business

Accounting

make a comparative analysis (between year 2019 and 2020) and find current ratio, acid test ratio and debt 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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