1. The following ratios of a business are given to you. You are requested to...
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Accounting
1. The following ratios of a business are given to you. You are requested to interpret and do the financial judgement based on your understanding. (10 marks)
Current ratio 564 880 / 351 100 = 1.6 times
Profit margin 102 500 / 2 900 000 = 3.5%
Stock turn-over 1 750 000 / 135 230 =12.94 times
Explain three motives of holding cash by a business
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