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The Following Ratios Have Been Calculated for Peters Limited for 2021

Question 168

Essay

The following ratios have been calculated for Peters Limited for 2021: Profit margin. ................................................................... 20 %
  ~~ Interest coverage ............................................................ 12 times
  ~~ Receivables turnover ..................................................... 5 times
  ~~ Current ratio.................................................................... 2.5:1
  ~~ Acid-test ratio.................................................................. 1.4:1
  ~~ Debt to total as sets ........................................................ 24 % The 2021 financial statements for Peters Limited with missing information follows:  The following ratios have been calculated for Peters Limited for 2021: Profit margin. ................................................................... 20 %  ~~ Interest coverage ............................................................ 12 times  ~~ Receivables turnover ..................................................... 5 times  ~~ Current ratio.................................................................... 2.5:1  ~~ Acid-test ratio.................................................................. 1.4:1  ~~ Debt to total as sets ........................................................ 24 % The 2021 financial statements for Peters Limited with missing information follows:

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