ACCA · Question 61 · Interpretation of Financial Statements

Section B - Case 2: Single Entity Accounts

Scenario: AquaHarvest Marine Farms
AquaHarvest prepares its financial statements for the year ended 30 September 20X6.
Draft Revenue: $500,000
Draft Cost of Sales: $300,000
Draft Current Assets: $60,000
Draft Current Liabilities: $40,000

Calculate the draft Current Ratio. (Enter the number only, rounded to one decimal place, e.g., 1.5)