The accountant of Harbi Jewels Sdn Bhd, a company trading in gems and jewels, provided...
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Accounting
The accountant of Harbi Jewels Sdn Bhd, a company trading in gems and jewels, provided the following extract of the Balance Sheet as at 31 December 2018.
Harbi Jewels Sdn Bhd
Balance Sheet as at 31 December 2018 (Extract)
Current Assets
RM
RM
Inventory
59,550
Trade Receivables,net
9,150
Prepaid rent
2,500
Cash in Hand
200
71,400
Current Liabilities
Trade payables
15,250
Short-term borrowings
2,250
Accrued Utilities
1,650
19,150
What is the working capital of Harbi Jewels Sdn Bhd as at 31 December 2018?
2. What is the current ratio of Harbi Jewels Sdn Bhd as at 31 December 2018?
3. What is the quick ratio of Harbi Jewels Sdn Bhd as at 31 December 2018?
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