Fit and Fantastic Ltd produces and sells a range of fitness equipment. Its capital expenditure for the

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Fit and Fantastic Ltd produces and sells a range of fitness equipment. Its capital expenditure for the current year of new plant was $240 000, and dividends paid were $30 000. Current liabilities and non-current liabilities were $86 000 and $950 000 respectively. Sales for the current year were $425 000, and net cash flow from operating activities was $115 000. Compute and interpret the cash flow ratio, debt coverage ratio and cash flow to sales ratio.
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Accounting Business Reporting For Decision Making

ISBN: 9780730302414

4th Edition

Authors: Jacqueline Birt, Keryn Chalmers, Albie Brooks, Suzanne Byrne, Judy Oliver

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