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The details given below are a summary of the Statements of Financial Position of six public companies engaged in different industries in their quest for

image text in transcribed The details given below are a summary of the Statements of Financial Position of six public companies engaged in different industries in their quest for project executions of various tasks. The activities of each company are as follows: 1. Operator of a chain of retail supermarkets. 2. Sea ferry operator. 3. Property investor and house builder. Apart from supplying managers, including site management, for the house building side of its operations, this company completely subcontracts all building work. 4. A vertically integrated company in the food industry which owns farms, flour mills, bakeries and retail outlets. 5. Commercial bank with a network of branches. 6. Contractor in the civil engineering industry. Note: no company employs off balance sheet finance such as leasing You are required: (a) To state which of the above activities relate to which set of Statement of Financial Position details giving a brief summary of your reasoning in each case. Note: no marks will be awarded for matching where no explanation is given. (b) What do you consider to be the major limitations of ratio analysis as a means of interpreting accounting information

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