Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. answer questions 6 to 9 below using the following

Answer questions 6 to 9 below using the following information for Recover PLC: Recover's income...

90.2K

Verified Solution

Question

Finance

image
image
Answer questions 6 to 9 below using the following information for Recover PLC: Recover's income statements for the years ended 31 December 2022 and 2021 Recover's balance sheets as at 31 December: Question 6. Using year end balances (no balance sheet averaging is required). Recover's net debt in 2022 when compared with net debt in 2021 has: A. Increased by \9.4 B. Decreased by \9.4 C. Decreased by \8.3 D. Remained the same Question 7. Using year end balances (no balance sheet averaging is required). Recover's payable days has: A. Fallen from 109 days in 2021 to 92 days in 2022 B. Increased from 68 days in 2021 to 76 days in 2022 C. Fallen from 74 days in 2021 to 68 days in 2022 D. Fallen from 76 days in 2021 to 68 days in 2022 Question 8: Using year end balances (no balance sheet averaging is required), Recover's quick ratio has: A. Increased from 0.83 in 2021 to 1.03 in 2022 B. Has Increased from 1.36 in 2021 to 1.60 in 2022 C. Has increased from 0.27 in 2021 to 0.31 in 2022 D. Has increased from 0.72 in 2021 to 0.74 in 2022 Question 9: using average total assets the Asset Turnover Ratio in 2022, to two decimal places, is closest to: A. 1.78 B. 1.87 C. 0.56 D. 0.53

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

The beginning inventory at Midnight Supplies and data onpurchases and sales for a three-month...

Accounting
Q

for each of the following equations, state all adjectives that hold for each equation from the...

Basic Math
Q

There are two speakers at the front of the room. Each is outputting a 250Hz pure...

Physics
Q

Explain how Time Division multiplexing is used in the real world with an example. Draw the...

Electrical Engineering
Q

Why have states adopted residency requirements for voters?To exclude "transient" people, who tend to be...

Biology
Q

2 What is JL A 4 5 B 6 75 C 8 75 D 12...

Geometry
Q

Let A and B be events in a sample space S and let C S...

Statistics
Q

4 Find the limit of a function with a removable discontinuity 5 Find the limit...

Algebra
Q

Required Information Problem 14-10AB Effective Interest: Amortization of bond; retiring bonds LO P1,...

Accounting
Q

Benson Airline Company is considering expanding its territory. The company has the opportunity to purchase...

Accounting
Q

Department 1 is transferring units that cost $40,000 to Department 2. Give the journal entry

Accounting
Q

The balance sheet consists of elements that represent incomplete accounting cycles. As a result, the...

Accounting