Homework Answers
| Ans 1 | Acid Test Ratio= Liquid Assets/ Current Liabilities | |||||||||||||||
| Liquid Assets= Current Assets- Prepaid Expenses- Stock | ||||||||||||||||
| Year 2018 | Liquid Assets= 282500-6500-193000 | |||||||||||||||
| 83000 | ||||||||||||||||
| Acid Test Ratio= 83000/111000 | = 0.75 | |||||||||||||||
| Year 2017 | Liquid Assets= 287500-6500-189000 | |||||||||||||||
| 92000 | ||||||||||||||||
| Acid Test Ratio= 92000/113000 | =0.81 | |||||||||||||||
| Ans 2 | Acid test Ratio has been deteriorated as compared to 2017 in 2018. It has been deteriorated from 0.81 in 2017 to 0.75 in 2018. | |||||||||||||||
| Ans 3 | In 2017, Acid test ratio was better than industry. But 2018, it has been deteriorated as it has been reduced to 0.75 which is lower to the industry. | |||||||||||||||
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