FINANCIAL RATIOS REPORT

Quick Ratio. Acid Test Ratio or Quick Ratio shows a firm’s ability to meet current liabilities with its most liquid assets. Formula: Quick assets= current assets-inventories/current liabilities. 2008 Quick ratio = 684862000-410672000/564815000 = 0.485 times. 2009 Quick ratio = 662423000-434594000/509197000 = 0.447 times. Analysis: ................
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