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Exercise 3: Read the comparative balance sheets and the income statements of the firm 'Imaginary Computers Limited'. Use the techniques of financial statements analysis as

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Exercise 3: Read the comparative balance sheets and the income statements of the firm 'Imaginary Computers Limited'. Use the techniques of financial statements analysis as explained in the chapter to do the following: 1- Complete the missing values (titles, formulas) in the table below. Note that some ratios could not be calculated as relevant data are not available. 2- Comment on each financial ratio (trends and comparison with industry average) 3- Write a paragraph summarizing the financial strengths and weaknesses of the firm. Imaginary Computers Ltd. Balance sheet as at 31 December (\$ 000) Income statement for the vear ending 31 December (\$ 000) Page 2 of 4 Answer to question 3

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