Year 12 IB Extended Essays 2017

June 2015 – During Expansion

Total Current Liabilities June 2015 – During Expansion

June 2015

$’m

Trade and Other Payables

228.4

Borrowings

70.5

Provisions

13.3

Other Current Liabilities

4.3

TOTAL

316.5

Current Ratio June 2015 – During Expansion

-

Total Current Assets

June 2015

$’m

Cash and Cash Equivalents

29.5

Trade and other Trade Receivables

53.3

Inventories

293.0

Other Current Assets

14.1

TOTAL

390.0

 Current Ratio = Total Current Assets / Total Current Liabilities



Current Ratio = 390.0 / 316.5



Current Ratio = 1.23:1

Acid Ratio June 2015 – During Expansion

-

Total Current Assets – Inventories

= 390.0 – 293.0

o

= $97m

o



Current Ratio = 97.0 / 316.5



Acid Ratio = 0.31:1

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