Questions from General Accounting

Q: The statement of financial position for Works Ltd reveals total assets of

The statement of financial position for Works Ltd reveals total assets of $420 000, total liabilities of $230 000 and equity of $190 000 as at the end of the reporting period. Using these data, calcul...

Q: When calculating days inventory, the average inventory level is compared with

When calculating days inventory, the average inventory level is compared with the cost of sales. When calculating days debtors, the average accounts receivable balance is compared with the sales reven...

Q: Visit the ASX website and graph the trend in JB Hi-

Visit the ASX website and graph the trend in JB Hi-Fi Ltd’s (JBH) monthly share price over the past two years.

Q: Discuss three limitations of ratio analysis as a fundamental analysis tool.

Discuss three limitations of ratio analysis as a fundamental analysis tool.

Q: In their 2018 annual report, JB Hi-Fi Ltd refers

In their 2018 annual report, JB Hi-Fi Ltd refers to the ‘cost of doing business’ (CODB) ratio. Paraphrase what you believe the CODB represents.