89 5:07 PM 1. Spectra Inc. is a well-established soft wear company. The financial data of the current year are as follow

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89 5 07 Pm 1 Spectra Inc Is A Well Established Soft Wear Company The Financial Data Of The Current Year Are As Follow 1 (181.1 KiB) Viewed 22 times

89 5:07 PM 1. Spectra Inc. is a well-established soft wear company. The financial data of the current year are as follows: (3 Marks) Cash Tk. 500,000 Inventories Tk. 250000 Accounts payable Tk. 300,000 Accounts Receivable Tk. 350,000 Notes Payable Tk. 150,000 (maturity within a year) Total Asset Tk. 1000,000 Total Liabilities Tk. 750000 Common Stock Tk. 1000,000 Earnings before interest and tax (EBIT) Tk. 1500000 Interest payment Tk. 100,000 The company has a good relationship with one of the leading banks in the country and has a line of credit facility with them. Currently, the company wants to analyze its comparative positions with the industry with regard to its liquidity condition. The industry average of current ratio is 4.0. a. Calculate the time interest earn ratio of Spectra Inc.? b. Calculate the current ratio of Spectra Inc.? C. Based on the information provided, Comment on the company's liquidity position.