Calculate the debt and current ratios of ccg

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Reference no: EM133273966

Question - Cut Cost Groceries (CCG) has a chain of grocery stores in Queensland. The business has the following comparative balance sheet (in thousands of AUD) at a time when industry average of current ratio is 1.2 and debt ratio of 0.95.

1. Calculate the debt and current ratios of CCG.

2. Plot chart for the ratios calculated in 'I' above.

3. Write a report about the performance of the business over the three-year period and relative to the industry.

	2018	2017	2016
Total current assets	4,600	4,100	4,050
Non-current assets	14,200	13,000	15,750
Total current liabilities	3,700	4,800	4,950
Non-current liabilities	9,500	7,400	10,560

1. Discuss the limitations of financial ratios.

Reference no: EM133273966

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