Chat with us, powered by LiveChat Heavy Goods pic carries on business as a manufactu - Writemia

Heavy Goods pic carries on business as a manufactu

Heavy Goods pic carries on business as a manufacturer of tractors. In 2004 the company was looking for acquisitions and carrying out investigations into a number of possible targets. One of these was a competitor, Modern Tractors pic. The company’s acquisition strategy was to acquire companies that were vulnerable to a takeover and in which there was an opportunity to improve asset management and profitability. The chief accountant of Heavy Goods pic has instructed his assistant to calculate ratios from the financial statements of Modern Tractors pic for the past three years and to prepare a report based on these ratios and the industry average ratios that have been provided by the trade association. The ratios prepared by the assistant accountant and the industry averages for 2004 are set out as follows. Required: You are required to write a full appraisal and report. View Solution: Heavy Goods pic carries on business as a manufacturer of

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