what was your current ratio (3 Viewers)

[sara_s]

yep its 1:1!!!!

 

[Iron]

Yeah, intangibles aren't current. How could they be?

 

[rozzo]

ffs i got 1.2:1

 

[MaSoDiVa]

i got 0.8:1

plant aqnd equipment arent short term assest there long term


n whoever said intagibles arent short term assests theyve got a point but i forgot about that so i prob screwed up there



is there anyone else who got wat i got ?????????

 

[Iron]

When I got 1:1 i just immediatly thought they did a cute little question with a simple number, and moved on.

 

[+GriM ReApeR+]

yay i got 1:1

 

[Purp|e]

its 1:1 me thinks ... since intangibles cant be accounted for

 

[Alain]

1:1 peoples! the only current assets in the text under the syllabus are inventories, cash, receivables

 

[BillyMak]

Ok, so we've pretty much settled the fact that it's 1:1, but what did yous put for the second part of the question?

You had to interpret the current ratio.

 

[superbird]

i said something like for every $1 of liabilities there is $1 of assets. shows that the business is high risk.

 

[icebreaka]

1:1 for me too !

That means that for every $1 of Liablities, There is $1 of Assets. This a rather acceptable ratio as it is within a common safe zone of 1:1 to 1:3.

That's my answer

 

[MaSoDiVa]

im so depresssed about this question i knolw i completely stuffed it

 

[JoyDivision]

Had 1:1 and immediatley thought it was wrong. Couldnt work out where it could be wrong though so I left it.

 

[Rayanaldo]

I had 1:1.

Good thing that many people on here had that answer. Makes me feel a bit relaxed now.

 

[Shifty]

i had 1.2:1.......but face it people the answer is 1:1.....nothin you can do to change it.....move on!

 

[mikeryan69]

yeh 1:1 i got that too!

 

[Mannix]

The current ratio is 1.2:1 because intangibles such as good will are seen as a current asset.

 

[layzeee student]

I put 1.2:1 too because Goodwill is a current asset...

Guess we'll have to wait till the results come out...

u nub do you even know what goodwill is?
it's not even physical and it cant even be converted into cash .. let alone be a current asset

 

[mitch_07]

for some reason i got 0.375:1 dunno y lol oh well

 

[cro_angel]

crap! i got like 1.73 to 1!! i dont know what i did there hmm usually balance sheets r my forte
oh well at least ill get a mark saying its below the acceptable standard of 2:1 lol (hopefully)