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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,

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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 c) 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] Standalobe sactment of compreheasive inceme Standaleae statement of fanancial pesition

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