Accouting Ratio Liquidity The current ratio and acid test ratio of A Ltd were 1.61:1 and 1.04:1 respectively. The corresponding ratios of B Ltd were 1.39:1 and 0.81:1 respectively. A Ltd was operating more efficient than B Ltd. It may be due to the lower level of cash and trade debtors and / or higher.
Advanced Financial Accounting Past Exam Paper Essay Preview: Advanced Financial Accounting Past Exam Paper Report this essay AFA final exam paper 2011 2nd semester (answers included)Q1. Theory questions (total 5 marks)“A Ltd owns 50% of the shares in B Ltd. Therefore B Ltd is a subsidiary of A Ltd”Explain why you agree or disagree with the.
