CARIBBEAN CREAM LIMITED Statement of Financial Position February 28, 2021 (Expressed in Jamaica dollars unless otherwise- stated) Notes 2021 2020 NON-CURRENT ASSETS Property, plant and equipment 4 825,483,694 773,143,905 Right-of-use assets 5 (a) 93,044,425 95,435,877 Total non-current assets 918,528,119 868,579,782 CURRENT ASSETS Cash and cash equivalents 6 217,283,548 129,196,815 Trade and other receivables 7 93,514,369 58,211,081 Tax recoverable 779,621 Inventories 8 162,352,192 117,774,685 Total current assets 473,150,109 305,962,202 CURRENT LIABILITIES Trade and other payables 9. 214,491,486 185,346,512 Taxation payable 10,734,482 Current portion of lease liabilities 5 (b) 17,456,686 19,539,121 Current portion of long-term loans 10 6,977,778 27,441,951 Total current liabilities 249,660,432 232,327,584 Net current assets 223,489,677 73,634,618 Total assets less current liabilities 1,142,017,796 942,214,400 NON-CURRENT LIABILITIES Long-term loans 10 206,927,474 104,972,207 Lease liabilities 5 (b) 86,580,789 79,622,207 Deferred tax liability 11 14,576,941 13,389,525 Total non-current liabilities 308,085,204 197,983,939 EQUITY Share capital 12 111,411,290 111,411,290 Accumulated profits 722,521,302 632,819,171 Total equity 833,932,592 744,230,461 Total non-current liabilities and equity 1,142,017,796 942,214,400

12. Which two ratios multiplied by each other equal Return on Total Assets? (A) Profit Margin (B) Return on Equity (C) Current Ratio (D) Price Earnings Ratio (E) Total Asset Turnover

Accounting: type question:,,,,,, While calculating purchase price, the following values of assets are considered A. Book value B. New values fixed C. Averagevalues D. Market values

_______ ratios are used to measure the speed in which various assets are converted into sales or cash. A Debt (aka Leverage) B Efficiency (aka working capital) C Profitability C Coverage

Question: What is the formula for calculating the current ratio? a. Current Assets / Current Liabilitiesb. Current Liabilities / Current Assetsc. Total Assets / Total Liabilitiesd. Total Liabilities / Total Assets

Current assets DIVIDED BY current liabilities is the Current Ratio Net Worth Ratio Working Capital

Which of the ratios listed helps to indicate whether current liabilities could be paid without having to sell the inventory? a.Current ratio b.Profit margin c.Quick ratio d.Debt to equity

Which of the following should be used when calculating the weights for a company's capital structure? OA. Historic accounting values OB.Book values OC. Current market values OD. Par and face values

Which of the following is an asset management ratio?     a) Times interest earned   b) Leverage   c) Inventory turnover   d) Current ratio

Define each of the following terms: a. Liquid asset b. Liquidity ratios: current ratio; quick ratio c. Asset management ratios: inventory turnover ratio d. Debt management ratios: total debt to total capital; times-interest-earned (TIE) ratio e. Profitability ratios: profit margin; return on total assets (ROA); return on common equity (ROE); return on invested capital (ROIC); basic earning power (BEP) ratio f. Market value ratios: price/earnings (P/E) ratio; market/book (M/B) ratio; enterprise value/EBITDA ratio