- 6 Marks
Question
The following information has been extracted from the recently published accounts of Diamond Ltd and Shine Ltd.
Statement of Profit or Loss for the year ended 31 December 2016
The following are the latest industry average ratios:
Required:
Calculate comparable ratios (to two decimal places where appropriate) for the two companies. All calculations must be clearly shown.
Answer
Diamond Ltd and Shine Ltd
- Tags: Comparative Analysis, Efficiency, Financial Performance, Gearing, Liquidity, Profitability, Ratio Analysis
- Level: Level 2
- Topic: Financial Statement Analysis
- Series: MAY 2017
- Uploader: Theophilus