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3 cards from this section. Quick, good the night before a test.
What is the formula for Current Ratio?
Think about what is needed to cover short-term debts.
Name one profitability ratio.
What measures profitability in relation to sales?
What does the Current Ratio measure?
Consider the scope of 'Current' in finance.
True or False: Ratio Analysis can fully assess a company’s performance.
Think about what kind of data ratio analysis overlooks.
Given the following financial details, calculate the Current Ratio and assess the liquidity position: Current Assets: ₹500,000, Current Liabilities: ₹200,000.
Remember, a ratio over 2 indicates healthy liquidity.
A company reports Gross Profit of ₹120,000 and Net Sales of ₹600,000. Calculate the Gross Profit Ratio and explain its significance.
Think about how much of sales is retained after accounting for the cost of goods sold.
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