CAPE Accounting Unit 1 · 2018 · Paper 2 · Question 3(b)(ii)
Describe TWO alternative methodologies to historical cost accounting that can be used during periods of inflation.
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- 3(a)Identify how EACH of the five post-balance sheet events described should be reflected in Castries Corporation's financial statements for the year ended 31…[7 marks]
- 3(b)(i)Outline the effect of inflation on EACH of the following: - Depreciation - Profit[4 marks]
- 3(c)(i)Calculate the Dividend payout ratio for Castries Corporation for the year 2017.[2 marks]
- 3(c)(ii)Calculate the Price earnings ratio for Castries Corporation for the year 2017.[4 marks]
- 3(c)(iii)Calculate the Average collection period for Castries Corporation for the year 2017.[3 marks]
- 3(c)(iv)Calculate the Average payment period for Castries Corporation for the year 2017.[3 marks]
- 3(c)(v)Calculate the Debt-to-equity ratio for Castries Corporation for the year 2017.[3 marks]
- 3(c)(vi)Calculate the Interest coverage ratio for Castries Corporation for the year 2017.[3 marks]
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