1. XYZ Company had the following figures extracted from its books of accounts. Compute the current ratio of XYZ Company. Analyze & interpret your answer.

Current assets:
Cash and cash equivalents P 83,000 Marketable securities 142.000
Trade and other receivables 167,000 Inventories 330,000
Prepayments 60.000

Total current assets 782,000

Non-current assets:

Long-term investments P 300.000
Fixed assets 1.000.000

Total Non-current assets P1,300,000

TOTAL ASSETS P2,082,000
Current liabilities P 337,000
Non-current liabilities 1.100.000 Stockholders' equity 645,000
TOTAL LIABILITIES P2,082,000
& EQUITY ​