Question 2 The Balance Sheet of Lizzy's Luxuries Ltd. shows the following figures: Share capital Cash in hand and at Ban
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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 Ban
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 Alc R152,000 R30,000 R113,000 R20.000 R24 000 R4,000 R18000 RS2,000 R8,000 R5000 Calculate the following a) Current Ratio b) Asset Ratio CA
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