ABC Inc. is a Corporation with a focus on Garment and textile manufacturing in the UAE. They are now looking to finance their new project, are looking for a bank to give them a loan. Calculate and interpret the following ratios for two years:

a) Current Ratio

b) Acid Test Ratio

c) Times Interest Earned Ratio

d) Debt Ratio

e) Accounts Receivable Turnover

f) Inventory Turnover

g) Days Sales in Inventory

h) Average Collection Period [16+8]

Based on the ratios calculated above, Can you conclude if any bank would easily give a loan to you? Justify your answer. [2]

Standalone statement of comprehensive income Standalone statement of financial position