You have drawn up your company's balance sheet as at the end of the financial year and found that your total assets are 110 million, that your total liabilities are 35 million and that your total equity is 85 million.

What does this indicate.

Select one:

a.You have a gearing ratio of 77%

b.You have a return on capital employed of 41%

c.You have made a mistake

d.You have net assets of 25 million

Scylace plc's opening inventory for the year is 21 million and their closing inventory is 26 million. Scylace's revenue for the year is 256 million and their cost of sales for the year is 199 million.

Calculate Scylace's inventory turnover period for the year in days.

Select one:

a.8.47 days

b.33.51 days

c.37.70 days

d.43.10 days

What name is given to the analysing of Return on Shareholders' Equity using Turnover of Capital Employed, Operating Margin and Gearing?

Select one:

a.Acid Test

b.Donaldson Brown Analysis

c.Du Pont Analysis

d.Solow-Swan Model

Which of the following ratios is not used in calculating the Cash Conversion Cycle as described by Cagle, Campbell and Jones?

Select one:

a.Gross Profit Margin

b.Inventory Turnover Period

c.Payables Turnover Period

d.Receivables Turnover Period

You are given the following information for Noughts plc and Crosses plc for the end of the last financial year.

Noughts plc Crosses plc

million million

Non-Current Assets 45 66

Current Assets 12 8

Current Liabilities (16) (5)

Non-Current Liabilities (10) (26)

Shareholder's Equity 31 43

You are informed that Noughts plc's Book Gearing at the year end for which figures are given was 83.87% (to 2 decimal places).

You have been asked to calculate a figure for Book Gearing for Crosses plc which is directly comparable with the figure for Noughts plc.

Select one:

a.37.68%

b.41.89%

c.72.09%

d.160.00%