conclude if any bank would easily give a loan to you justify your answer Case Study 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 Find the following ratios, interpret and analyze them Standalone statement of comprehensive income Year eaded Berber 2019 AED AED Note 12 11 97215 IM LOS 074081 134 (722 04 2123 91 37457 14 15 (10181413 98 00 137 320330 0216232 675530 NDOMS Have Castles Gren profie Aditive and selling experies Oher com Render for imponerade Operating profile Finance com France Finance cont Prole for the year Other comme income for the year Total comprehensive in for the year Standalone statement of financial position 18 IS 114 (10846, 776) 15415400 78 919,770 670114 782070 GOGO As at 31 December 2019 2018 AED AED ASSETS Non current Property and equipment Investments in subsidiaries 1 213 395 4 22 1,012,954 141562 2356 566 0212595 Current assets Inventores Trade and other roeivables Due from related parties Loan to related parties Cash and bank balances Total assets 5 6 11 11 7 179,413,089 121 670,292 80,115,250 2318219 407 517,273 5 529 691 193 441 500 $2 50 33,455 659 24 340 407 309 357213 110 520 08 3,900,000 358,743,239 3625429 3 900 000 279 903 469 EQUITY AND LIABILITIES EQUITY Share capital Retained coming Total equity LIABILITIES Non current liabilities Provision for employees' end of service benefits Current liabilities Trade and other payables Due ord party Bank borrowing Totallit Total equity and liabilities 9 355,785 385,285 262 073 252,073 10 11 17 1 123 523 26,729,064 1902,925 4675515 47 231,100 409874,599 6,079,565 20415,435 120,200 26615,266 26 67 13 310 570,000 2019 a) Current Ratio CA CL 407,517,973 46,875,515 8 69 b) Acid Test Ratio CA Inventories CL 407,517,973 0 46,875,515 8 69 c) Times Interest Earned Ratio EBIT Interest expense 80,036,547 1,097,776 72 9 d) Debit Ratio TL TA 47,231,300 409,874,539 11 5 c) Accounts Receivable Turnover Sales acc Receivable 976,215,339 179,413,089 5 3 f) Inventory Turnover COGS inf 862,141,258 0 error g) Days Sales in Inventory 365 inf 365 0 error h) Average Collection Period 365 acc receivablet o 365 5 3 68 8 2018 a) Current Ratio CA CL 309,357,213 26,615,266 11 6 b) Acid Test Ratio CA Inventories CL 309,357,213 5,529,691 26,615,266 11 4 c) Times Interest Earned Ratio EBIT Interest expense 67,553,016 545,088 124 7 d) Debit Ratio TL TA 26,867,339 310,570,808 8 6 e) Accounts Receivable Turnover Sales acc Receivable 81,341,889 193,441,503 4 2 times 1) Inventory Turnover COGS INV 722,094,232 5,529,691 130 8 g) Days Sales in Inventory 365 inv 365 130 8 2 79 days h) Average Collection Period 365 acc receivablet o 365 4 2 86 9 days Based on the ratios calculated above, can you conclude if any bank would easily give a loan to you Justify your answer Case Study 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 Find the following ratios, interpret and analyze them Standalone statement of comprehensive income Year eaded Berber 2019 AED AED Note 12 11 97215 IM LOS 074081 134 (722 04 2123 91 37457 14 15 (10181413 98 00 137 320330 0216232 675530 NDOMS Have Castles Gren profie Aditive and selling experies Oher com Render for imponerade Operating profile Finance com France Finance cont Prole for the year Other comme income for the year Total comprehensive in for the year Standalone statement of financial position 18 IS 114 (10846, 776) 15415400 78 919,770 670114 782070 GOGO As at 31 December 2019 2018 AED AED ASSETS Non current Property and equipment Investments in subsidiaries 1 213 395 4 22 1,012,954 141562 2356 566 0212595 Current assets Inventores Trade and other roeivables Due from related parties Loan to related parties Cash and bank balances Total assets 5 6 11 11 7 179,413,089 121 670,292 80,115,250 2318219 407 517,273 5 529 691 193 441 500 $2 50 33,455 659 24 340 407 309 357213 110 520 08 3,900,000 358,743,239 3625429 3 900 000 279 903 469 EQUITY AND LIABILITIES EQUITY Share capital Retained coming Total equity LIABILITIES Non current liabilities Provision for employees' end of service benefits Current liabilities Trade and other payables Due ord party Bank borrowing Totallit Total equity and liabilities 9 355,785 385,285 262 073 252,073 10 11 17 1 123 523 26,729,064 1902,925 4675515 47 231,100 409874,599 6,079,565 20415,435 120,200 26615,266 26 67 13 310 570,000 2019 a) Current Ratio CA CL 407,517,973 46,875,515 8 69 b) Acid Test Ratio CA Inventories CL 407,517,973 0 46,875,515 8 69 c) Times Interest Earned Ratio EBIT Interest expense 80,036,547 1,097,776 72 9 d) Debit Ratio TL TA 47,231,300 409,874,539 11 5 c) Accounts Receivable Turnover Sales acc Receivable 976,215,339 179,413,089 5 3 f) Inventory Turnover COGS inf 862,141,258 0 error g) Days Sales in Inventory 365 inf 365 0 error h) Average Collection Period 365 acc receivablet o 365 5 3 68 8 2018 a) Current Ratio CA CL 309,357,213 26,615,266 11 6 b) Acid Test Ratio CA Inventories CL 309,357,213 5,529,691 26,615,266 11 4 c) Times Interest Earned Ratio EBIT Interest expense 67,553,016 545,088 124 7 d) Debit Ratio TL TA 26,867,339 310,570,808 8 6 e) Accounts Receivable Turnover Sales acc Receivable 81,341,889 193,441,503 4 2 times 1) Inventory Turnover COGS INV 722,094,232 5,529,691 130 8 g) Days Sales in Inventory 365 inv 365 130 8 2 79 days h) Average Collection Period 365 acc receivablet o 365 4 2 86 9 days Based on the ratios calculated above, can you conclude if any bank would easily give a loan to you Justify your

Question

conclude if any bank would easily give a loan to you  justify your answer  Case Study 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  Find the following ratios, interpret and analyze them  Standalone statement of comprehensive income Year eaded Berber 2019 AED AED Note 12 11 97215 IM LOS  074081 134 (722 04 2123 91 37457 14 15 (10181413 98 00 137 320330 0216232 675530 NDOMS Have Castles Gren profie Aditive and selling experies Oher com Render for imponerade Operating profile Finance com France Finance cont Prole for the year Other comme income for the year Total comprehensive in for the year Standalone statement of financial position 18 IS 114 (10846, 776) 15415400 78 919,770 670114 782070 GOGO As at 31 December 2019 2018 AED AED ASSETS Non current Property and equipment Investments in subsidiaries 1 213 395 4 22 1,012,954 141562 2356 566 0212595 Current assets Inventores Trade and other roeivables Due from related parties Loan to related parties Cash and bank balances Total assets 5 6 11 11 7 179,413,089 121 670,292 80,115,250 2318219 407 517,273 5 529 691 193 441 500 $2 50 33,455 659 24 340 407 309 357213 110 520 08 3,900,000 358,743,239 3625429 3 900 000 279 903 469 EQUITY AND LIABILITIES EQUITY Share capital Retained coming Total equity LIABILITIES Non current liabilities Provision for employees' end of service benefits Current liabilities Trade and other payables Due ord party Bank borrowing Totallit Total equity and liabilities 9 355,785 385,285 262 073 252,073 10 11 17 1 123 523 26,729,064 1902,925 4675515 47 231,100 409874,599 6,079,565 20415,435 120,200 26615,266 26  67 13 310 570,000 2019  a) Current Ratio  CA CL   407,517,973  46,875,515   8 69 b) Acid Test Ratio  CA   Inventories   CL   407,517,973   0   46,875,515  8 69 c) Times Interest Earned Ratio  EBIT   Interest expense   80,036,547   1,097,776   72 9 d) Debit Ratio  TL TA   47,231,300   409,874,539   11 5  c) Accounts Receivable Turnover  Sales   acc  Receivable   976,215,339  179,413,089   5 3  f) Inventory Turnover  COGS   inf    862,141,258   0   error g) Days Sales in Inventory  365   inf    365   0   error h) Average Collection Period  365   acc  receivablet o  365   5 3   68 8 2018  a) Current Ratio  CA CL   309,357,213   26,615,266   11 6 b) Acid Test Ratio  CA   Inventories   CL   309,357,213 5,529,691   26,615,266   11 4 c) Times Interest Earned Ratio  EBIT   Interest expense   67,553,016  545,088   124 7 d) Debit Ratio  TL TA   26,867,339   310,570,808   8 6  e) Accounts Receivable Turnover  Sales   acc  Receivable   81,341,889  193,441,503   4 2 times 1) Inventory Turnover  COGS   INV    722,094,232   5,529,691  130 8 g) Days Sales in Inventory  365   inv    365   130 8   2 79 days h) Average Collection Period  365   acc  receivablet o  365   4 2   86 9 days Based on the ratios calculated above, can you conclude if any bank would easily give a loan to you  Justify your answer  Case Study 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  Find the following ratios, interpret and analyze them  Standalone statement of comprehensive income Year eaded Berber 2019 AED AED Note 12 11 97215 IM LOS  074081 134 (722 04 2123 91 37457 14 15 (10181413 98 00 137 320330 0216232 675530 NDOMS Have Castles Gren profie Aditive and selling experies Oher com Render for imponerade Operating profile Finance com France Finance cont Prole for the year Other comme income for the year Total comprehensive in for the year Standalone statement of financial position 18 IS 114 (10846, 776) 15415400 78 919,770 670114 782070 GOGO As at 31 December 2019 2018 AED AED ASSETS Non current Property and equipment Investments in subsidiaries 1 213 395 4 22 1,012,954 141562 2356 566 0212595 Current assets Inventores Trade and other roeivables Due from related parties Loan to related parties Cash and bank balances Total assets 5 6 11 11 7 179,413,089 121 670,292 80,115,250 2318219 407 517,273 5 529 691 193 441 500 $2 50 33,455 659 24 340 407 309 357213 110 520 08 3,900,000 358,743,239 3625429 3 900 000 279 903 469 EQUITY AND LIABILITIES EQUITY Share capital Retained coming Total equity LIABILITIES Non current liabilities Provision for employees' end of service benefits Current liabilities Trade and other payables Due ord party Bank borrowing Totallit Total equity and liabilities 9 355,785 385,285 262 073 252,073 10 11 17 1 123 523 26,729,064 1902,925 4675515 47 231,100 409874,599 6,079,565 20415,435 120,200 26615,266 26  67 13 310 570,000 2019  a) Current Ratio  CA CL   407,517,973  46,875,515   8 69 b) Acid Test Ratio  CA   Inventories   CL   407,517,973   0   46,875,515  8 69 c) Times Interest Earned Ratio  EBIT   Interest expense   80,036,547   1,097,776   72 9 d) Debit Ratio  TL TA   47,231,300   409,874,539   11 5  c) Accounts Receivable Turnover  Sales   acc  Receivable   976,215,339  179,413,089   5 3  f) Inventory Turnover  COGS   inf    862,141,258   0   error g) Days Sales in Inventory  365   inf    365   0   error h) Average Collection Period  365   acc  receivablet o  365   5 3   68 8 2018  a) Current Ratio  CA CL   309,357,213   26,615,266   11 6 b) Acid Test Ratio  CA   Inventories   CL   309,357,213 5,529,691   26,615,266   11 4 c) Times Interest Earned Ratio  EBIT   Interest expense   67,553,016  545,088   124 7 d) Debit Ratio  TL TA   26,867,339   310,570,808   8 6  e) Accounts Receivable Turnover  Sales   acc  Receivable   81,341,889  193,441,503   4 2 times 1) Inventory Turnover  COGS   INV    722,094,232   5,529,691  130 8 g) Days Sales in Inventory  365   inv    365   130 8   2 79 days h) Average Collection Period  365   acc  receivablet o  365   4 2   86 9 days Based on the ratios calculated above, can you conclude if any bank would easily give a loan to you  Justify your

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