C-Statement of Financial Position as at 31 December-2018 Question 2 - Ratio interpretation Gold Lad and Bone Lad are both engaged in retailing, but they seem to take a different approach to it according to the following information Required: 1- Define each ratio mentioned above? 2-Describe what this information indicates? Bonus Question (5 Points) Qusay Assaad Aya Ghanancem/Assem Dwery/issam abu addass/Waleed Khreisat Khaled Sharaa Name: Date: Instructor: Ibtissam El Ayoubi 1-False/True (2.5/5) The balance sheet is a statement of financial position The statement of cash flows measures the wealth generated by a business A machine leased for the whole of its useful life is an asset of the company Trade payables are a liability of the company The accounting equation is: Assets + Liabilities - Equity F Question 2: (2.5/5) What is the interpretation of the following ration: 1- -Liquidity Ration: -Current ratio: -Acid test quick ratio: Cash generated from Operations to maturing obligations: Operating Cash Cycle: 2- The Financial Gearing ratio: -The gearing ratio: -Interest cover ratio: