The accountant of Harbi Jewels Sdn Bhd, a company trading in gems and jewels, provided...
50.1K
Verified Solution
Link Copied!
Question
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?
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.