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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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HAT Assignment 1

HAT Assignment 1

Q Assignment Instructions HAT Assignment Part 1 is a group assignment that covers the content from weeks 1 through 7 of the course. Please make sure that you watch the instruction videos prior to starting the assignment. Your group should work together to complete and submit the assignment using the instruction sheet attached. HAT Assignment Part 1 is worth 50 points.

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a) Current ratio- The current ratio increased by 0.71 to 1.62 in 2021 from 0.91 in 2020. The increase is a trend in the right direction as it shows that the ability of the Ramblers to meet/cover its current liabilities with its current assets has improved considerably compared to 2020. b) Cash ratio- In 2021, the cash ratio is at 0.72 from 0.39 in 2021. This is an increase of 0.33which is a trend in the right direction as the ability to settle current liabilities with cash and cash equivalents has improved. However, it still signifies that the Ramblers cannot pay off its short-term debts with cash and cash equivalents as its current liabilities exceed its cash and cash equivalents