Metals X Limited is an Australian Stock Exchange listed mining company with oper...
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Metals X Limited is an Australian Stock Exchange listed mining company with operations In Tasmania. You have been asked to calculate the following based upon their recent 30 June 2018 balance sheet:
Metals X Limited Balance Sheet
| 30 June 2018 A$M
|
|
|
Cash & Cash Equivalent
| $31.2
|
Trade and Other Receivables
| $13.7
|
Inventories
| $55.3
|
Prepayments and Other Financials
| $11.7
|
Total Current Assets
| $111.9
|
|
|
Derivative financial Instruments
| $0.1
|
Available for sale financial assets
| $9.2
|
Property, plant and equipment
| $48.6
|
Mine properties and development costs
| $80.3
|
Exploration and evaluation expenditure
| $11.2
|
Total Non Current Assets
| $149.4
|
Total Assets
| $261.3
|
|
|
Trade and other payables
| $31.7
|
Derivative financial instruments and Provisions
| $7.9
|
Interest bearing loans and borrowings
| $4.8
|
Total Current Liabilities
| $44.4
|
|
|
Provisions
| $41.0
|
Interest bearing loans and borrowings
| $5.5
|
Total Non-Current Liabilities
| $46.5
|
Total Liabilities
| $90.8
|
Net Assets
| $170.5
|
Equity
|
|
Issued Capital
| $254.6
|
Net Retained Earnings and Reserves
| -$84.1
|
Total Equity
| $170.5
|
Calculate Metals X Limited’s working capital at 30 June 2019 ? $
M
(round to 1 decimal place)
Calculate Metal X Limited’s quick ratio?
(round to 2 decimal places)
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