To calculate the liquidity ratios (Current Ratio, Quick Ratio, and Cash Ratio), we'll use the given data and format the results as specified:

Formula Recap:

1. Current Ratio = $\frac{\text{Current Assets}}{\text{Current Liabilities}}$
2. Quick Ratio = $\frac{\text{Current Assets} - \text{Inventories}}{\text{Current Liabilities}}$
3. Cash Ratio = $\frac{\text{Cash}}{\text{Current Liabilities}}$

Values Used:

Current Assets:

$\text{Current Assets} = \text{Cash and cash equivalents} + \text{Assets classified as held for sale} + \text{Accounts receivable and other assets} + \text{Inventories}$

• 2023: $201,296 + 7 + 118,732 + 47,180 = 367,215$
• 2022: $195,368 + 2,677 + 68,995 + 41,106 = 308,146$
• 2021: $90,674 + 4,263 + 54,117 + 36,905 = 185,959$

Current Liabilities:

$\text{Current Liabilities} = \text{Due to banks} + \text{Accounts payable and other liabilities} + \text{Lease liabilities}$

• 2023: $13,603 + 96,256 + 6,637 = 116,496$
• 2022: $12,604 + 82,679 + 5,880 = 101,163$
• 2021: $12,941 + 72,393 + 7,274 = 92,608$

Inventories:

$\text{Inventories:} \, 47,180 \, (2023), \, 41,106 \, (2022), \, 36,905 \, (2021)$

Cash:

$\text{Cash and Cash Equivalents:} \, 201,296 \, (2023), \, 195,368 \, (2022), \, 90,674 \, (2021)$

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Liquidity Ratios in Specified Format:

1. Current Ratio

$\text{Current Ratio} = \frac{\text{Current Assets}}{\text{Current Liabilities}}$

• 2023: $\frac{367,215}{116,496} = 3.15$
• 2022: $\frac{308,146}{101,163} = 3.05$
• 2021: $\frac{185,959}{92,608} = 2.01$

Formatted:

Current Ratio = a/b
2023: 367,215/116,496 = 3.15
2022: 308,146/101,163 = 3.05
2021: 185,959/92,608 = 2.01

2. Quick Ratio

$\text{Quick Ratio} = \frac{\text{Current Assets} - \text{Inventories}}{\text{Current Liabilities}}$

• 2023: $\frac{367,215 - 47,180}{116,496} = \frac{320,035}{116,496} = 2.75$
• 2022: $\frac{308,146 - 41,106}{101,163} = \frac{267,040}{101,163} = 2.64$
• 2021: $\frac{185,959 - 36,905}{92,608} = \frac{149,054}{92,608} = 1.61$

Formatted:

Quick Ratio = a/b
2023: 320,035/116,496 = 2.75
2022: 267,040/101,163 = 2.64
2021: 149,054/92,608 = 1.61

3. Cash Ratio

$\text{Cash Ratio} = \frac{\text{Cash}}{\text{Current Liabilities}}$

• 2023: $\frac{201,296}{116,496} = 1.73$
• 2022: $\frac{195,368}{101,163} = 1.93$
• 2021: $\frac{90,674}{92,608} = 0.98$

Formatted:

Cash Ratio = a/b
2023: 201,296/116,496 = 1.73
2022: 195,368/101,163 = 1.93
2021: 90,674/92,608 = 0.98

Would you like detailed calculations or additional clarifications?

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Related Questions:

1. What does a high or low liquidity ratio indicate about a company's financial health?
2. How do these liquidity ratios compare to industry benchmarks?
3. Can we calculate additional solvency ratios for further analysis?
4. How do changes in assets and liabilities impact these ratios over time?
5. How does inventory management affect the quick ratio specifically?

Tip:

Regularly monitoring liquidity ratios helps ensure a company can meet its short-term obligations without compromising long-term growth.