question archive Answer ALL questions from this section (Total 100 marks) Question No: 1 (25 marks) a
Answer ALL questions from this section (Total 100 marks) Question No: 1 (25 marks) a
Subject:AccountingPrice: Bought3
Answer ALL questions from this section (Total 100 marks) Question No: 1 (25 marks) a. Calculate the required ratios for 2019 and 2020 using the given details. Use the blank table provided below for your answer. 1. Current ratio 11. Quick ratio 2020 $"000" 135 2019 2020 $ 000" $"000" 56 600 640 Income Statement Sales COGS Gross Profit Operating Expenses Profit Before Interest & Tax Interest Profit Before Tax Taxation Profit After Taxation 2019 $"000" 100 40 60 20 40 10 30 9 21 80 23 57 10 47 10 37 Balance Sheet Non Current Assets PPRE Current Assets Inventory Receivables Cash Total Current Ass Total Assets 40 30 10 80 680 22 55 15 82 722 200 200 Non Current Liabilities Loans Current Llabilities Payables Total Liabilities Equity Share Capital Retained Earrings Total Equity Total Liabilities & 20 220 25 225 150 310 460 680 150 347 497 722 III. Inventory turnover IV. Debt to Equity V. Times interest b. Write a short interpretation of the performance of the company based on the ratios calculated. Use the same blank table provided below for your answer. 0. Prepare a common sine analysis using the template provided. Use below tables for your answer Financial Analysis 2019 2020 Interpretation Ratio Current ratio Quick ratio Inventory tumover Debt to Equity Times interest Common Size Analysis 2019 2020 3 of 11 Income Statement Sales COGS Gross Profit Operating Expenses Profit Before Interest & Tax
