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3 marksFinancial Statement Analysis and Interpretation

CAPE Accounting Unit 1 · 2013 · Paper 2 · Question 3(b)(i)

Financial statements and data of Fabric Smart Jamaica Ltd for the year ended 31 December 2011.

Calculate the Current ratio for the year ended 31 December 2011 and interpret your answer.

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Other parts of this question

  1. 3(a)Prepare a Statement of Cash Flows for the year ended 31 December 2011 using the indirect method in accordance with IAS 7 (IFRS for SMEs Section 7), showing…[20 marks]
  2. 3(b)(ii)Calculate the Quick ratio for the year ended 31 December 2011 and interpret your answer.[3 marks]
  3. 3(b)(iii)Calculate the ratio Debt / Total Assets for the year ended 31 December 2011 and interpret your answer.[3 marks]
  4. 3(b)(iv)Calculate the ratio Debt / Equity for the year ended 31 December 2011 and interpret your answer.[3 marks]
  5. 3(b)(v)Calculate the ratio Net Income / Total Assets for the year ended 31 December 2011 and interpret your answer.[3 marks]

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