David can use the company Balance Sheet to judge how well the business is performing.
(a(i))[4]
Calculate the current ratio and acid test ratio in 2014.
(a(ii))[4]
Compare your two ratio results against those for 2013 (see Appendix 2).
(b)[12]
David wants to raise efficiency in his factory. Consider Option A and Option B, then recommend which one he should choose. Justify your answer.
Worked solution & mark scheme
This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Current ratio comes to 1000/600 = 1.66 : 1 / 1.67 : 1” …