$\text { Brad's Engineering Pty Ltd }$ REQUIRED:
A)From the Information Provided Above,calculate Each of the Following

question 20

Essay

$\text { Brad's Engineering Pty Ltd }$
$\begin{array}{lll}&2015&2014\\\text { Statement of financial positions as at } 30 \text { June }&\$&\$\\\text { Total Current Assets } & 11,080 & 10,280 \\\text { Total Fixed Assets } & 75,000 & 42,000\\\text { TOTAL ASSETS }&\$86,080&\$52,280\\\text { Total Current Liabilities } & 3,400 & 1,960 \\\text { Long-term Liabilities } & \underline{20,000} & 8,500 \\\text { TOTAL LIABILITIES }&\$23,400&\$10,460\\\\\text { NET ASSETS (Assets - Liabilities) } & \$ 62,680 & \$ 41,820 \\\\\text { SHAREHOLDERS' EQUITY } & & \\\text { Share capital } & 40000 & 30000 \\\text { Reserves and retained profits } & 22,680 & 11,820\\&\$62,60&\$41,820\\\\\text { Additional Information: }\\& 2015 & 2014 \\\text { Net profit after interest \& tax } & \$ 10,860 & \$ 6,000 \\\text { Interest expense } & 2,000 & 900 \\\text { Taxation expense } & 3,000 & 1,500\end{array}$
REQUIRED:
a)From the information provided above,calculate each of the following ratios for each of the years ending 30 June 2014 and 2015.
Gearing ratio.Use formula
$\frac{\text {Long term liabilities }}{\text { Share capital and reserves + long term liabilities}}$
Interest cover ratio.Use formula
$\frac{\text {Profit before interest and tax }}{\text {Interest }}$
b)Comment on the movements in the ratios over the two years and the adequacy of the level of gearing and interest cover.

Describe the uses and procedures of specific diagnostic tests for different body systems.

Recognize the significance of dietary restrictions in preparation for diagnostic tests.

Understand the implications of using contrast media in diagnostic imaging.

Grasp the importance of proper handling and storage of diagnostic equipment and materials.

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Definitions:

Merchandise Inventory

The goods and products a retail or wholesale company holds for the purpose of resale to customers.

Liability Account

A financial reporting category that encompasses all obligations or debts a company owes to outside parties.

Merchandise Inventory

The total cost of all the goods held by a company that are available for sale to customers in the retail or wholesale sector.

Periodic

Relating to, occurring, or appearing at regularly occurring intervals.