(a)[2]
State two drawbacks of using ratio analysis when analysing a business's performance.
(b)[4]
Calculate the current ratio to two decimal places.
(c)[1]
Calculate the liquid (acid test) ratio to two decimal places.
(d)[4]
Calculate the rate of inventory turnover (times).
(e)[4]
Advise Wiggins whether the loan should be accepted. Justify your answer.