Compute Expanded Liquidity Ratio before his retirement as (beginning of October 2007) and find out for how many months of expenses, his liquid assets are sufficient enough to cover?

Section C (4 Mark)

Read the senario and answer to the question.

Compute Expanded Liquidity Ratio before his retirement as (beginning of October 2007) and find out for how many months of expenses, his liquid assets are sufficient enough to cover?
A . 44.26
B . 47.73
C . 49.85
D . 50.44

Answer: B