00:01
Hello, in this video, i will be explaining the following.
00:04
So first we'll do our total assets.
00:08
500 ,000, plus 600 ,000, plus 200 ,000, plus 240 ,000, plus 5 ,500, plus 5 ,500, plus 5 ,000.
00:32
And that is 1 -550 -500.
00:39
So next we want the total liabilities.
00:42
So that is 150 ,000 plus 50 ,000, plus 400 ,000, and that's 600 ,000.
00:58
And then total equity is 50 ,000, plus 300 ,000, plus 300 ,000.
01:06
Thousand and that's 350 ,000 and now we want the total current assets so total current assets is going to be already found the total current asset so we have total assets total liabilities and total equity so now we can move to the current ratio so the current assets for this are going to be the debt stock, cash and bank, and then prepaid expenses.
02:04
So we'll do 200 ,000 plus 240 ,000 plus 5 ,500 plus 5 ,000.
02:16
And that's 450 ,500.
02:24
And then the liabilities will be 150 ,000 plus 50 ,000.
02:35
So that's 200 ,000.
02:39
So the current ratio is going to be 45500 divided by 200 ,000.
02:48
So that's 2 .25...