Threads Limited manufactures nuts and bolts, which are sold to industrial users. The abbreviated financial statements for
Question:
Threads Limited manufactures nuts and bolts, which are sold to industrial users. The abbreviated financial statements for 2006 and 2007 are as follows:
Required:
(a) Calculate the following financial ratios for both 2006 and 2007 (using year-end figures for balance sheet items):
(b) Comment on the performance of Threads Limited from the viewpoint of a business considering supplying a substantial amount of goods to Threads Limited on usual trade credit terms.
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Related Book For
Financial Accounting For Decision Makers
ISBN: 9781405888219
5th Edition
Authors: Dr Peter Atrill, Eddie Mclaney, Sin Autor
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