2. What is the role and relevance of financial ratio analysis in the corporate strategy and decision making?

3. Explain the following: a. Income statement b. Balance sheet 6 c. Cash flow statement d. Explain the concept of liquidity e. Explain the concept of solvency f. Net Worth g. Types of Assets/Liabilities (Current, non-current, tangible, intangible) h. Difference between capital and liabilities i. Difference between controlling and non-controlling shareholders j. Explain objectives and usefulness of financial ration analysis. What are the disadvantages? k. Explain the concept of total capital employed. l. Explain the term Cash Cycle. m. What are the limitations of current ratio which are addressed in Acid-test ratio (Quick ratio).

4. Explain the working mechanism of Currency Futures and its various characteristics.