Business, 19.12.2020 17:20 kfull7053

From the following information extracted from the Balance Sheet of XYZ Company, you are required to calculate: a. Leverage ratios for 2018 and 2019. (4 marks)

b. Using your results from (a), comment on the solvency of the company. (1 mark)

Particulars

2018

OMR

2019

OMR

Cash and bank balances

10,500

12,900

Property, plant and equipment

760,000

700,000

Short – term bank borrowings

50,000

55,000

Trade and other receivables

31,950

30,088

8% Debentures

800,000

800,000

Inventories

28,900

28,400

Vehicles

150,000

130,000

Share capital

2,500,000

2,500,000

Trade and other payable

14,100

18,300

10 years bank loan

500,000

480,000

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From the following information extracted from the Balance Sheet of XYZ Company, you are required to...

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