Homework Answers
= 0.40
Working capital = current assets – current liabilities
Previous year = 1440000-900000
= 540000
Current year = 2090000-1000000
= 1090000
Current Ratio
= current assets / liabilities
Previous year = 1440000/900000
= 1.6
Current year = 2090000/1000000 = 2.09
Quick Ratio
= ( current assets – inventory – prepaid assets) / current liabilities
Previous year = (1440000-222000-138000) / 900000
= 1.2
Current year = (2090000-368000-182000)/current liabilities
= 1540000/ 1000000
= 1.54
B) increase in liquidity
Increases all
Increased current asset
Note
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