Chat with us, powered by LiveChat 1.ABC is looking for long-term funding and has sub - Writemia

1.ABC is looking for long-term funding and has sub

1.ABC is looking for long-term funding and has submitted an application to a bank requesting a loan of USD 50 million. You work for the bank and have been asked to perform a review of the financial statements of Kish plc. You have also been asked to provide an initial recommendation as to whether or not this application should proceed further.Below are the Income Statements for the company for the years ended 31 May 2016 and 31 May 2015 together with Statements of Financial Position at those dates. ABC: Income Statements for the Years Ended 31 May 2016 and 31 May 2015.Calculate the following relevant ratios for 2016 and 2015 from the income statements and statements of financial position provided above. (All calculations should be made to two decimal places).Gross profit %Net profit % (use profit after tax)Gearing (include ALL borrowings: short and long-term)Interest cover ratioReceivables DaysInventories DaysPayables Days

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