Calculate the following Ratio:Current ratioLiquid Ratio 20202019NotesRO '000RO '000ASSETSNon-current assetsProperty, plant and equipmentOther receivables571,92473,88325374,136Total non-current assets71,924Current assetsInventoriesTrade and other receivablesCash and bank balances3,16512,7413,532I1,0688,65953Total current assets23,25997,39515,959Total assets87,883EQUITY AND LIABILITIESEquityShare capitalLegal reserveRetained earningsTotal equity97,0397,039706109401,8489,5932,0069,985Non-current liabilitiesSenior facility loanProvision for asset retirement obligationLease liabilityDeferred tax liabilityProvision for end of service benefits62,9971601082,19311(a)59,3271316814106202,653Total non-current liabilities62,25465,464Current liabilitiesSenior facility loanLease liabilityTrade and other payablesShort term loan facilityDue to related parties1l(a)3,7333,57114331211,9087,0903,0008,67422,33887,80297,3950.13611(b)19Total current liabilities15,64477,89887,8830.142Total liabilitiesTotal equity and liabilitiesNet assets per share24 20202019NotesRO *000RO *00017,658(11,102)6,556Revenue15Operating costsGross profit18,017(11,385)6,63216General and administrative expensesFinance costs – net17(646)(3,136)212,795(964)(3,438)99818Other incomeProfit before tax3,228Тах еxpenseProfit and total comprehensive income for the year(460)2,33520(591)2,637Basic and diluted profit per share for the year230.0330.037

Name: Calculate the following Ratio:Current ratioLiquid Ratio 20202019NotesR
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Description: Calculate the following Ratio:Current ratioLiquid Ratio 20202019NotesRO '000RO '000ASSETSNon-current assetsProperty, plant and equipmentOther receivables571,92473,88325374,136Total non-current assets71,924Current assetsInventoriesTrade and other rece

Current ratio: It is a liquidity ratio that defines a company's ability to pay its current…

Business

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2020 2019 Notes RO *000 RO '000 ASSETS Non-current assets Property, plant and equipment Other receivables 5 71,924 73,883 253 74,136 7 Total non-current assets 71,924 Current assets Inventories Trade and other receivables Cash and bank balances 3,165 12,741 3,532 11,068 8,659 53 Total current assets 15,959 23,259 97,395 Total assets 87,883 EQUITY AND LIABILITIES Equity Share capital Legal reserve Retained earnings Total equity 7,039 7,039 706 10 940 2,006 9,985 1,848 9,593 Non-current liabilities Senior facility loan Provision for asset retirement obligation Lease liability Deferred tax liability Provision for end of service benefits Total non-current liabilities 1(a) 59,327 62,997 160 13 168 14 106 108 20 2,653 2,193 6. 62,254 65,464 Current liabilities Senior facility loan Lease liability Trade and other payables Short term loan facility Due to related parties 1l(a) 3,733 3,571 14 3 3 12 11,908 7,090 3,0 8,674 22,338 87,802 97,395 0.136 11(b) 19 Total current liabilities 15,644 77,898 87,883 0.142 Total liabilities Total equity and liabilities Net assets per share 24

2020 2019 Notes RO *000 RO '000 ASSETS Non-current assets Property, plant and equipment Other receivables 5 71,924 73,883 253 74,136 7 Total non-current assets 71,924 Current assets Inventories Trade and other receivables Cash and bank balances 3,165 12,741 3,532 11,068 8,659 53 Total current assets 15,959 23,259 97,395 Total assets 87,883 EQUITY AND LIABILITIES Equity Share capital Legal reserve Retained earnings Total equity 7,039 7,039 706 10 940 2,006 9,985 1,848 9,593 Non-current liabilities Senior facility loan Provision for asset retirement obligation Lease liability Deferred tax liability Provision for end of service benefits Total non-current liabilities 1(a) 59,327 62,997 160 13 168 14 106 108 20 2,653 2,193 6. 62,254 65,464 Current liabilities Senior facility loan Lease liability Trade and other payables Short term loan facility Due to related parties 1l(a) 3,733 3,571 14 3 3 12 11,908 7,090 3,0 8,674 22,338 87,802 97,395 0.136 11(b) 19 Total current liabilities 15,644 77,898 87,883 0.142 Total liabilities Total equity and liabilities Net assets per share 24

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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