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THE FOSCHINI GROUP LIMITED AND ITS SUBSIDIARIES THE FOSCHINI GROUP LIMITED AND ITS SUBSIDIARIES Write your answer in the space provided. Using the extract of

THE FOSCHINI GROUP LIMITED AND ITS SUBSIDIARIES THE FOSCHINI GROUP LIMITED AND ITS SUBSIDIARIES Write your answer in the space provided. Using the extract of the financial statements below please calculate the liquidity and solvency ratios for the business for 2020 and 2019. Use the following ratios: quick ratio; current ratio; debt to assets ratio; debt to equity ratio, finance charges cover ratio. Note: Students should only include interest bearing debt (current and non-current) in the calculation. Do not consider lease liabilities as part of the debt. - Please set out the ratio and the numbers used in the calculation. - Round the presentation of answers to two decimal places. - Make it clear if your answer is presented as a percentage or as a ratio. Consolidated income statement For the yeari ended 31 March

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