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3 marksFinancial Statement Analysis and Interpretation

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

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

Calculate the ratio Debt / Equity 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)(i)Calculate the Current ratio for the year ended 31 December 2011 and interpret your answer.[3 marks]
  3. 3(b)(ii)Calculate the Quick ratio for the year ended 31 December 2011 and interpret your answer.[3 marks]
  4. 3(b)(iii)Calculate the ratio Debt / Total Assets 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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