Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. suppose you are the finance manager of cox limited

Suppose you are the finance manager of Cox Limited and after calculating the above ratios...

80.2K

Verified Solution

Question

Accounting

Suppose you are the finance manager of Cox Limited and after calculating the above ratios you present them to the board of directors with the intention of providing them with insight on how the business performed over the last year. After your presentation, one of the directors argues that the board cannot rely sorely on your presentation to gain insight on how the business has performed. He argues that a lot of crucial information is missing from your presentation. You are now required to clarify to the rest of the board members and explain to them why they cannot base their analysis of the health of the business sorely on the figures you have presented above. (20 marks)

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

You just started your first full time job out of college. You recall from your finance...

Finance
Q

1-Explain why fundamental attribution error occurs giving four factors and provide an example of this phenomenon...

Psychology
Q

Assembly Department uses a process cost accounting system and a weighted-average cost flow assumption. The department...

Accounting
Q

If a luminous object is placed in front of a thick glass mirror several images...

Physics
Q

38 A block is placed on a rough plane whose inclination to the horizontal 0...

Physics
Q

Generic Company has a December 31st year-end. On August 1st, Generic sold merchandise...

Accounting
Q

Dunford Company's beginning and ending accounts receivable balances are $92,000 and $86,000, respectively. The beginning...

Accounting
Q

Need help with all red box. June 30 December 26 August 15...

Accounting
Q

list and explain the main reports included in the financialstatements and discuss the overview of...

Accounting
Q

Significant accounting policies may not be omitted from financial-statement disclosure. selected from existing acceptable alternatives...

Accounting
Q

Compute Cash Conversion Cycle for Competing Firms Halliburton and Schlumberger compete in the oil field...

Accounting
Q

5 Rey Company's single product sells at a price of $220 per unit. Data for...

Accounting