Calculate the liquidity ratio

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Question - The following is a simplified financial position statement for a company:

Assets

$

Liabilities

$

Cash

230,000

Accounts payable

1,720,000

Trading securities

330,000

Accrued expenses payable

590,000

Accounts receivable

1,320,000

Taxes payable

150,000

Inventory

2,220,000

Long-term debt

3,850,000

Property

3,350,000

Shareholders' funds

2,340,000

Equipment

450,000

 

 

Required - Calculate the liquidity ratio?

Reference no: EM133062261

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