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The Balance Sheet of Lizzy's Luxuries Ltd. shows the following figures: Share capital Cash in hand and at Bank Fixed Ass
Posted: Sat May 07, 2022 7:51 pm
by answerhappygod
- The Balance Sheet Of Lizzy S Luxuries Ltd Shows The Following Figures Share Capital Cash In Hand And At Bank Fixed Ass 1 (416.19 KiB) Viewed 30 times
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 AC 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)