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Liquidity Ratios - These ratios include the Current Ratio and the Quick Ratio or the acid test ratio. Liquidity ratios show the Liquid position of a company in the short term i.e. the capability of a firm to pay its obligations in the short term.
Ø Current Ratio = Current Assets / Current Liabilities
Ø Quick Ratio = (Current Assets - Inventory) / Current Liabilities
Defensive Interval ratio is also a type of efficiency ratio for liquidity which is calculated as below -
Defensive Interval Ratio = Current Assets / Daily operational expenses.
The above ratio indicates the ability of a company to operate without the long term assets or it can be said that how many days a company can operate only through the presence of current assets.
Fakari had the following asset at the ending of the year 2013 having started the business at the beginning of the same year. Ksh.000 Account payable 15,800 equipment 46,000
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