Eastern Platinum Limited Refer to the year-end financial statements and accompanying notes of Eastern Platinum Limited (Eastplats)

Question:

Eastern Platinum Limited Refer to the year-end and accompanying notes of Eastern Platinum Limited (Eastplats) presented at the end of this volume.
Instructions
Using ratio and other analyses, prepare an assessment of Eastplats’ and financial flexibility for the periods ended December 31, 2009, and December 31, 2008.
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Solvency
Solvency means the ability of a business to fulfill its non-current financial liabilities. Often you have heard that the company X went insolvent, this means that the company X is no longer able to settle its noncurrent financial...