Ferguson Ltd has the following information at 31 December 20X8: £000 £000 Profit for the year 8,100 Trade payables 4,300

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Ferguson Ltd Has The Following Information At 31 December 20x8 000 000 Profit For The Year 8 100 Trade Payables 4 300 1 (35.69 KiB) Viewed 14 times

Ferguson Ltd has the following information at 31 December 20X8: £000 £000 Profit for the year 8,100 Trade payables 4,300 Prepaid rent 1,700 Trade receivables 5,900 Salary accrual 2,000 Cash 2,800 Profit before interest and tax 30,400 Interest payable for the year 3,476 Inventories 600 Equipment (after depreciation) 12,000 Compute Ferguson Ltd's current ratio and interest cover ratios. The current ratio equation is: (Complete the necessary drop downs.) Current ratio The current ratio for Ferguson Limited is: (Round to two decimal places as needed. If the answer is less than 1, place a "0" in front of the decimal point.) Current ratio The interest cover ratio equation is: (Complete the necessary drop downs.) Interest cover ratio The interest cover ratio for Ferguson Limited is: (Round to two decimal places.) = Interest cover ratio times If you are informed that last year's interest cover was 4.5 times, answer the following: O A. The interest cover has deteriorated in the year OB. The interest cover has improved in the year O C. The interest cover has remained unchanged in the year