Which ratio are you talking about.

CAPTAIN

Was there any ratio in her e-mail, i failed to answer task 1.3 and 1.5 pliz help will it affect me

Sally

Are you referring to the Gearing ratio she had quoted in her memo for Hoy Ltd for the previous year. It had used debt/equity to calculate gearing so we should have also - i missed this and used debt/capital employed.

I dont know about missing 1.3 & 1.5 - were these the questions on IAS 16 and Confidentiality. I dont know how they mark these papers? They were only allocated short periods of time so hopefully they do not carry many marks.

GemmaLouise

using the wrong gearing ratio - enough to fail the essay?!

mini_schnauzer

It gave you the 2008 figure for Gearing - so you could work out which gearing ratio to use for 2009 figure : debt/equity.

AnnieN

I missed that completely. Did you advise to invest or not invest?

AnnieN

I used wrong one too. I hope this does not mean a fail!

nag17

little bit confused

Does any body knows or roughly can guess how many marks... or percentage that can be allocated to the eassy in section 2

mini_schnauzer

I said to withdraw the investment.
The gearing ratio went above 88 (can't remember exact figure) so that combined with low interest cover (3.3 times) and falling revenue and no cash I said to withdraw.

Lyn32

Thats what I did not to invest, I was missed up with wording task because simply. I can't remember if a high or low result of the ratio good or bad, but that's my weakest part in section 2. I am please with all my ratio calculation and formula.

In general the paper isn't bad at all, start remembering what I did on BTC though. I've change my calculation on tax payable on section 2 which is suicidal,I can't help thinking if I failed I can't forgive myself. Even though it is over bear in mind I work so hard on this particular task and in just one fatal mistake. I felt very stress I can't help it!

mini_schnauzer

I took both BTC and DFS. Fingers crossed DFS was ok, but when I think of BTC it brings tears to my eyes...