Please calculate the below accounting ratios whilst referring to the attachment.A) Interest Coverage RatioB) Quick RatioC) Price of Earnings ABC Statement of financial position20182019$,000$,000$,000Non-current assets: Cost less depreciation22003000Current assetsInventory400450Receivables500600Cash10020010001250Total asset32004250EquityOrdinary shares ($1 nominal)10001500Retained earnings800800Non-current liabilities10% loan notes60075010% preference shares ($1 nominal)200250Current liabilitiesPayables400650Taxation200300600950Total equity and liabilities32004250Statement of profit or loss for the year20182019endedRevenue30004000Cost of Sales-2400-2750Gross Profit6001250Operating Expenses-200-450Profit before Interest and Tax400800Interest-60-60Profit before Tax340740Income Tax-180-370Profit after Tax160370Other InformationTotal Ordinary Dividend125200Current market price of Ordinary Shares1.41.8

Here in this question, we are required to calculate the various ratios. Interest coverage ratio…

Answered: Please calculate the below accounting…

Please calculate the below accounting ratios whilst referring to the attachment. A) Interest Coverage Ratio B) Quick Ratio C) Price of Earnings

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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