Read the financial statements and relevant footnotes of China Evergrande Group for the year 2020 and answer
Fantastic news! We've Found the answer you've been seeking!
Question:
Read the financial statements and relevant footnotes of China Evergrande Group for the year 2020 and answer the following questions:
(1) Calculate the following ratios: (a) current ratio; (b) current cash debt coverage; (c) debt to assets ratio; (d) cash debt coverage; (e) times interest earned. (15 points)
(2) What are the major sources of financing (i.e. where does the company get its cash)? (2 points)
(3) What is the amount of “senior notes” included in “non-current liabilities”? What is the amount of “convertible bonds” included in “current liabilities”? (2 points)
(4) What are the balances of “trade payables”, “accrued expenses” and “payroll payable”? (3 points)
.
Posted Date: