The following information relates to Khamsin Co for Year 8: £ Equity at start of year 96,000 Expenses 90,000 Current liabilities at end of the year 185,000 Sales revenue 265,000 Current assets at end of the year 349,000 Non-current assets at end of the year 381,000 What were the non-current liabilities at the year end? £
Financial Ratios
A Ratio refers to a figure calculated as a reference to the relationship of two or more numbers and can be expressed as a fraction, proportion, percentage, or the number of times. When the number is determined by taking two accounting numbers derived from the financial statements, it is termed as the accounting ratio.
Return on Equity
The Return on Equity (RoE) is a measure of the profitability of a business concerning the funds by its stockholders/shareholders. ROE is a metric used generally to determine how well the company utilizes its funds provided by the equity shareholders.
- The following information relates to Khamsin Co for Year 8:
|
|
£ |
|
Equity at start of year |
96,000 |
|
Expenses |
90,000 |
|
Current liabilities at end of the year |
185,000 |
|
Sales revenue |
265,000 |
|
Current assets at end of the year |
349,000 |
|
Non-current assets at end of the year |
381,000 |
What were the non-current liabilities at the year end? £
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