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current ratio,quick ratio and cash ratio and give recommendation

current ratio,quick ratio and cash ratio and give recommendation

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 83E
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explain the image the current ratio,quick ratio and cash ratio and give recommendation

АCTUAL PROJECTED FOR THE YEAR ENDED 31 DECEMBER FOR THE YEAR ENDED 31 DECEMBER 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 LIQUIDITY RATIOS Current asset 30,368,735 37,328,920 42.738.201 45,619,402 44.852.728 80,040,557 58,928,475 46,523,800 52.431,913 47,037,388 46,896,905 42,147,324 Current Liabilities 23,831,415 26,946,840 34.184.527 67.345.320 53,300,292 60.952,747 63,646,998 56.435,165 CURRENT RATIO 1.27 1.39 1.25 0.68 1.36 0.89 0.88 0.77 0.66 0.79 38,973,976.98 60,952,747 Quick Assets 24,381,388.36 30,493,406.00 33,926,027.00 35,653,318.00 67.345.320 71,744,729.00 38,761,112.32 39,021,418.72 34,601,157.25 37,344,597.81 Current Liabilities 23.831.415 26,946,840 34,184,527 58,928,475 52.431.913 53,300,292 63,646,998 56,435,165 QUICK RATIO 1.02 1.13 0.99 0.53 1.22 0.74 0.73 0.64 0.54 0.66 23,394,906 63,646,998 Cash and cash equivalents 16,733,346 23,831,415 21,107,474 26,946,840 26,639,079 60,952,747 20.892.021 25,735,682 56.435,165 23,285,915 21,361,486 24,828,254 52.431,913 27,592,798 Current Liabilities 34,184,527 67,345,320 58.928,475 53,300,292 CASH RATIO 0.70 0.78 0.68 0.31 0.36 0.47 0.52 0.44 0.37 0.46
Transcribed Image Text:АCTUAL PROJECTED FOR THE YEAR ENDED 31 DECEMBER FOR THE YEAR ENDED 31 DECEMBER 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 LIQUIDITY RATIOS Current asset 30,368,735 37,328,920 42.738.201 45,619,402 44.852.728 80,040,557 58,928,475 46,523,800 52.431,913 47,037,388 46,896,905 42,147,324 Current Liabilities 23,831,415 26,946,840 34.184.527 67.345.320 53,300,292 60.952,747 63,646,998 56.435,165 CURRENT RATIO 1.27 1.39 1.25 0.68 1.36 0.89 0.88 0.77 0.66 0.79 38,973,976.98 60,952,747 Quick Assets 24,381,388.36 30,493,406.00 33,926,027.00 35,653,318.00 67.345.320 71,744,729.00 38,761,112.32 39,021,418.72 34,601,157.25 37,344,597.81 Current Liabilities 23.831.415 26,946,840 34,184,527 58,928,475 52.431.913 53,300,292 63,646,998 56,435,165 QUICK RATIO 1.02 1.13 0.99 0.53 1.22 0.74 0.73 0.64 0.54 0.66 23,394,906 63,646,998 Cash and cash equivalents 16,733,346 23,831,415 21,107,474 26,946,840 26,639,079 60,952,747 20.892.021 25,735,682 56.435,165 23,285,915 21,361,486 24,828,254 52.431,913 27,592,798 Current Liabilities 34,184,527 67,345,320 58.928,475 53,300,292 CASH RATIO 0.70 0.78 0.68 0.31 0.36 0.47 0.52 0.44 0.37 0.46
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