The following is the financial statements of Acobra, a company in… The following is the financial statements of Acobra, a company in the business of heavy machinery.Additional Information:The inventory and accounts receivable balances as at 30 June 2020 were $320,000 and $400,000 respectively. The net cash provided from operating activities for the current year is $1,450,000.?atios of one of the company’s competitors can be seen in the table below.?equired:Use the information and formula table provided above to answer the following questions:a.???ist and calculate three ratios that you can use for getting a picture of the efficiency of the company’s operation. Conclude your analysis. (15 marks)b.???alculate the earnings per share and price earnings ratio and comment on the use of the ratios. The latest market price of the shares is $31.20 per share. The company’s share capital comprised of 1,500,000 shares of $2 each and has not changed throughout the year. (8 marks)c. Comment on the capital structure of the company and the level of interest expense. (5 marks)Image transcription textRatio Formula Competitor Currentassets Current Ratio Current liabilities1.8 times Current assets – … Show more… Show moreImage transcription textAcobra Company Acobra CompanyIncome Statement Balance Sheet 2021For the year ended 30 Ju… Show more… Show moreAccountingBusinessFinancial Accounting
