Ratio analysis for a firm indicates a current ratio of 1.5. Generally speaking, how are the firms current assets funded and in what proportions? (1 Mark)

b) What is common size analysis and what is its purpose? (1 Mark)

c) The NPV for a project is calculated using 2 different discount rates as shown in the following table. Using the technique of interpolation, estimate the IRR for the project. Please show all working. (1 Mark)

Discount rate	9%	10%
NPV	-$4,000	-$ 15,000