Understanding Business
Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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Chapter 18.4, Problem 18.4AQ
Summary Introduction

To discuss: The meaning of the statement that cash has a time value.

Introduction: Financial manager is a person who is responsible for financial health of the organization and also responsible to develop strategies, financial reports, plans for long term goals and gives advice realted to investment activities.

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Question 2 The selected financial statements data of NGX Ltd. for the years ended 31 December 20x4 and 20x5 are as follows NGX Ltd. Trial Balances as of 31 December Cash Trade Debtors Closing stock Equipment (net) Trade Creditors Long term debt Capital Sales Cost of goods sold (COGS) Depreciation Salary expenses Tax Year 20x4 ($m) 1,000 500 Year 20x5 ($m) 4,000 3,000 1,400 100 50 REQUIRED: a) Calculate (to 2 decimal places) the following ratios for the company in year 20x4 and 20x5. i. Net profit ratio ii. Gross profit ratio iii. Current ratio iv. Quick ratio V. Debtors ratio vi. Creditors ratio vii. Stock turnover ratio viii. Gearing ratio b) Comment on the profitability, efficiency, and short term liquidity of NGX Ltd.
Give thorough answers by including an answer to the question "Why?", even when it is not asked. In other words, imagine the person who is going to read your answer knows nothing about you, so justify your answer more than you need to with examples from your past experiences in work, academics. Brag!  Question: What obstacles have you overcome to get where you are today, both professionally andpersonally, and what essential lessons have you learned from some of your mistakes? Context: I'm a senior majoring in Business Management at University.
Give thorough answers by including an answer to the question "Why?", even when it is not asked. In other words, imagine the person who is going to read your answer knows nothing about you, so justify your answer more than you need to with examples from your past experiences in work, academics. Brag!  Question: What new skills have you learned in the last year? And why were they worth learning? Context: I'm a senior majoring in Business Management at University.
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