MGMT 2 (MGMT2)
Yale University
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ALL ANSWERS 100% CORRECT GUARANTEED GRADE A+
- Exam (elaborations) • 18 pages • 2022
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Using the data in Appendix C, calculate the following ratios for Drake Hotels PLC in 
2020. 
[6 marks] 
Marks for this question: AO1 = 2, AO2= 4 
Current ratio 
0.83:1 or 0.83 (3 marks) 
3 marks for correct answer 
1 mark for correct selection of current asset £15m 
1 mark for correct selection of current liabilities £18m 
Formula alone = 1 mark 
Gearing 
62.22% (3 marks) 
3 marks for correct answer 
1 mark for correct selection of non-current liabilities £280m 
1 mark for correct calculation...
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