The information below relates to Priory Products plcs actual results for 2009 and 2010 and their budget for the year 2011 You are required to calculate the following fi nancial ratios for Priory Products for 2009, 2010, and 2011 (i) debt equity ratio (net debt to equity) (ii) gearing (long term loa...

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The information below relates to Priory Products plcs actual results for 2009 and 2010 and their budget

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The information below relates to Priory Products plc’s actual results for 2009 and 2010 and their budget for the year 2011.

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You are required to calculate the following fi nancial ratios for Priory Products for 2009, 2010, and 2011:
(i) debt / equity ratio (net debt to equity)
(ii) gearing (long-term loans to equity and long-term loans) .

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Financial Accounting

ISBN: 9780273723073

1st Edition

Authors: Tony Davies, Ian Crawford

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Question Posted: May 08, 2024 02:00 PM

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The information below relates to Priory Products plcs actual results for 2009 and 2010 and their budget

Question:

2009 2010 2011 000 000 000 Cash and cash equivalents 100 0 0 Overdraft 0 50 200 Loans 200 200 600 Ordinary share capital 100 200 400 Retained earnings 200 300 400

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Financial Accounting

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