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5 marksFinancial Statements and Users of Accounting Information

CAPE Management of Business Unit 1 · 2009 · Paper 2 · Question 6(a)

The Balance Sheet of Eastwood Hardware Ltd. as at December 31, 2008 is presented. Five specific items have been omitted from the statement.

Identify the appropriate balance sheet sub-heading under which EACH of the five omitted items would be classified.

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Other parts of this question

  1. 6(b)(i)Outline the MAIN difference between a performance ratio and a liquidity ratio.[3 marks]
  2. 6(b)(ii)Identify ONE stakeholder who would be interested in EACH type of ratio.[2 marks]
  3. 6(c)(i)Calculate the Current Ratio for Eastwood Hardware Ltd. and explain its implication.[5 marks]
  4. 6(c)(ii)Calculate the Acid Test Ratio for Eastwood Hardware Ltd. and explain its implication.[5 marks]
  5. 6(c)(iii)Calculate the Gearing Ratio for Eastwood Hardware Ltd. and explain its implication.[5 marks]

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