what was your current ratio (1 Viewer)

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Gavvvvvin

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1:0.83

Looks like Im wrong :p
 
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Acid

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

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

Thomas_wow

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tangibles arent included in the balance sheet im pretty sure. the only time they are used is when you are selling you're business or ofering a prospectus to potential shareholders... (im pretty sure)

thank god, i was so umming and aahhing if inventory was current (flowers, paint etc.) or non-current (long lasting things like cars, machinery that sometimes takes years to sell). i included it as current cause 1:2.5 seemed a little small..
 

sparkl3z

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1.2/1 ok question... are intangiables assets or not!? Coz i put them as assets
 

Steven12

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so was i, i was bangin my head trying to remember whether inventory is current or noncurrent.......

i guess that is settled 1:1 it is
 

sparkl3z

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bloody hell! lol how the f did u guyz get 1:1? sumbody tell me exactly Plz lol
 

Acid

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I've seen goodwill as a Current Asset on a balance sheet before...
 

Acid

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It's funny how people are so sure about these things when the answers aren't even out yet...
 

BillyMak

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A Current asset is defined as one that can be converted into cash in less than 6 months (or is it a year). Goodwill cannot be converted into cash in less than 6 months, thus it is not a current asset.
 
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Gavvvvvin

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Acid said:
It's funny how people are so sure about these things when the answers aren't even out yet...
This coming from the person making a thread declaring how correct they were about question 3 =p
 

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