Question 2 The Balance Sheet Of Lizzy S Luxuries Ltd Shows The Following Figures Share Capital Cash In Hand And At Ban 1 (27.2 KiB) Viewed 28 times
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Question 2 The Balance Sheet of Lizzy's Luxuries Ltd. shows the following figures: Share capital Cash in hand and at Bank Fixed Assets Creditors 5% Debentures Bill Payables Debtors Inventory General reserve Profit and Loss A/C R152,000 R30,000 R113,000 R20,000 R24,000 R4,000 R18,000 R52,000 R8,000 R5,000 Calculate the following: a) Current Ratio (4) b) Asset Ratio (4) [8]
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