Pages • 4
Financial Ratio of Jewelry Showrooms Essay Preview: Financial Ratio of Jewelry Showrooms Report this essay Legend Jewellery LtdGlory Jewellery Ltd2,0142,0152,0142,015Formula (Calculation)a. Working Capital (“WC”)440,000335,000896,000876,000= Current Asset – Current LiabilityCurrent Asset671,000862,0001,003,0001,097,000Current Liability231,000527,000107,000221,000b. Current Ratio (“CR”)2.901.649.374.96= Current Asset/ Current Liabilityc. Quick Ratio (“QR”)0.900.534.393.22= liquid current assets / current liabilityLiquid current Assets209,000278,000470,000711,000= cash + marketable securities + account.