Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please find the ratios of three years and read the third page for other stuff i need inventoties are ficticioer amounts Aletoined Farnigs wan adyusted

please find the ratios of three years and read the third page for other stuff i need image text in transcribed
image text in transcribed
image text in transcribed
inventoties are ficticioer amounts Aletoined Farnigs wan adyusted to make the Balance Sheet bulance Look at trends, but you need to go beyond simply commenting on increase/decrease or better or worse than prior years or industry. Consider how the ratios relate to the financial statement accounts that make them up. For example, if the current rafio is increasing because inventory is increasing, is that an advantage or disadvantage? If the ratios indicate any problem areas or good financial management, provide your observations and comments. You should not define each ratio, remember OCIG is a relatively sophisticated user. However, based on your discussion, it should be clear that you understand what the ratio means. - Other Ttems - Under the "other items" heading, you should consider and comment on at least 3 items outside of the chapter 3 ratios required. You may want to include chapter 2 ratios that could be important to your decision, or specific accounts that provide additional information that might be important to OClG. Consider if there is anything else about the financial statements that is either favourable or unfavourable. Comment and explain at least three additional areas (ratios, accounts or issues)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

A Practical Guide To UK Accounting And Auditing Standards

Authors: Steve Collings

1st Edition

152650331X, 9781526503312

More Books

Students also viewed these Accounting questions