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Calculate current ratio for the year for chopchop pty ltd

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Reference no: EM132765663

The following information has been extracted from the financial statements of ChopChop Pty. Ltd., a knife wholesaler.

Accounts 2019 in thousands

Cash at bank            $164
Interest Expense         $60
Accounts Receivable  $454
Inventory                 $673
Bank Loan (5 years)  $580
Accounts Payable $333
Property, Plant and Equipment $1,300
Sales $675
COGS $255
Wages Expense $67

Required:

Problem 1: Calculate current ratio for the year 2019. Leave two (2) decimal places.

 

Reference no: EM132765663

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