Calculate current ratio from individual accounts of Pixie Plc and Dixie Plc and from Consolidated

Sep 30, 20211 min read

Required:

a. Prepare a Consolidated Balance Sheet for Pixie Plc and its subsidiary as at 31st March 2016 18 marks

b. Calculate the current ratio from the individual accounts of Pixie Plc and Dixie Plc and from the Consolidated Balance Sheet. 6 marks

c. Evaluate the level of Gearing in the individual companies and the combined group. 6 marks

d. What conclusions can you draw from your results in parts b) and c) above? 4 marks

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