1. ## Ratios

Basically i have a question in my Business exam (past paper) saying that i need to work out Ratios. The question

Calculate to 2 decimal places Kelogg's current ratio for 2005 and 2006

(Formula =) Current Ratio = Current Assets : Current Liabilities

For 2005

Current assets = 2197

Current Liabilities = 3163

For 2006
Current Assets = 2427
Current Liabilities = 3163

I do have the answers but i want to work out how you guys did it.

Zoob

2. Originally Posted by Zoob
Basically i have a question in my Business exam (past paper) saying that i need to work out Ratios. The question

Calculate to 2 decimal places Kelogg's current ratio for 2005 and 2006

(Formula =) Current Ratio = Current Assets : Current Liabilities

For 2005

Current assets = 2197

Current Liabilities = 3163

For 2006
Current Assets = 2427
Current Liabilities = 3163

I do have the answers but i want to work out how you guys did it.

Zoob
i don't see your problem here. it seems like a pretty straight forward plug-n-chug

for 2005: the ratio is 2197:3163

for 2006: the ratio is 2427:3163

the : means / as in divide, so do the divisions to get the required decimal expansion

3. Originally Posted by Jhevon
i don't see your problem here. it seems like a pretty straight forward plug-n-chug

for 2005: the ratio is 2197:3163

for 2006: the ratio is 2427:3163
No no my answer is not what they give me. Tell me what you get

4. Originally Posted by Zoob
No no my answer is not what they give me. Tell me what you get