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