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Financial Accounting 2B

QUESTION 3 You are provided with the financial indicators calculated from the financial statements of Small LTD for the past two years ended 30 April. The business uses the perpetual inventory system to value stock and a gross profit mark-up of 75% on cost. REQUIRED: Study the financial indicators and then answer the questions which follow. Explain the answers to each of the following questions and quote the actual ratios / percentages from the above list to support your answers. 3.1 Should the directors be satisfied with the liquidity of the business and the control of stock? (10 Marks) 3.2 Should the directors be satisfied with the operating activities as reflected in the Income Statement? (10 Marks) 3.3 Should the shareholders be satisfied with the returns, earnings, dividends and share price? (12 Marks) 3.4 The directors want to raise more funds for expansion of the business. Should they issue shares or raise (8 Marks) loans