Fit and Fantastic Ltd produces and sells a range of fitness equipment. Its capital expenditure for the
Question:
Fit and Fantastic Ltd produces and sells a range of fitness equipment. Its capital expenditure for the current year for new plant was $600000 and dividends paid were $80000. Current liabilities and non-current liabilities were $112000 and $1400000 respectively. Sales for the current year were $1050000 and net cash flow from operating activities was $176000. Compute and interpret the cash flow ratio, debt coverage ratio and cash flow to sales ratio.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Accounting Business Reporting For Decision Making
ISBN: 9780730369325
7th Edition
Authors: Jacqueline Birt, Keryn Chalmers, Suzanne Maloney, Albie Brooks, Judy Oliver, David Bond
Question Posted: