Provide four possible explanations for the results of the various ratios for Nova Ltd
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Provide four possible explanations for the results of the various ratios for Nova Ltd

Question 2

The following financial ratios have been calculated for Nova Ltd for the year ended 30 June 2008:


Required:

Provide four possible explanations for the results of the various ratios for Nova Ltd and explain their implications for the audit 

Hint
Accounts and FinanceA financial ratio refers to a relative magnitude of two chosen numerical values taken from a business's financial statements. Frequently used in accounting, they assess the overall financial state of a firm. There are five elementary ratios that are frequently used to pick stocks for investment portfolios....
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