AHG is an established business as it has been operating for a long time. It sells garden products including plants and flowers. AHG uses competitive pricing. The business has 4 managers and 30 other employees. All AHG’s managers use delegation. The Finance Manager is analysing AHG’s statement of financial position as she is interested in its liquidity. An extract is shown below
Extract from AHG’s statement of financial position at 30 March 2022 ($000) |
Non-current assets | 800 |
Current assets | 660 |
Current liabilities | 600 |