I am doing a business A Level and I am having to work out the Current and Acid Test Ratio's. The formula for current ratio is: current assets/current liabilities and acid test formula is: current assets-stock/current liabilities.
The main issue I am having is that there are no current liabilities in this instance so can anybody help me with the answer? The formula for my current ratio is: 657.56/0 as i have no current liabilities. Is the answer 0 or am i missing something?
Thanks in advance!
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