Page 3 - CIMA MCS Workbook February 2019 - Day 1 Suggested Solutions

SUGGESTED SOLUTIONS

On what basis does a … chosen on the basis of quality as well as reliability…including
Crowncare practice chose a response times (page 18)
dental laboratory?

What is the IT system used … tracking time and cost (page 18)
by Crowncare less flexible at
tracking?

What is the current ratio for …Current ratio 2018 (7,536 / 16,020) 0.47 : 1 increased from 2017
Crowncare in 2018? Has this (6,520 / 14,014) 0.46 : 1 (page 20)
increased/decreased in
2018?

What is the quick ratio for …Quick ratio 2018 ((7,536‐1,634) / 16,020) 0.368 : 1
Crowncare in 2018? Has this increased from 2017 ((6,520‐1,384) / 14,104) 0.366 : 1 (page 20)
increased/decreased in
2018?

What are the receivable …Receivables days 2018 (5,026/111,685) × 365 16 days
days for Crowncare? Have 2017 (4,342/96,496) × 365 16 days (no change) (page 20)
these increased/decreased
in 2018?

Has Smilebrite’s operating …Operating profit from 2017 V$5,728,000m to 2018 V$ 5,608,000
profit increased/decreased (page 21)
in 2018?

What is the current ratio for …Current ratio 2018 (2,138 / 2,552) 0.84 : 1 decreased from (2,034
Smilebrite in 2018? Has this / 2,144) 0.95 : 1 (page 21)
increased/decreased in
2018?

What %age of implant … Up to 4% of implant procedures fail within five years (page 22)
procedures fail within five
years?

How much does the VHS pay …V$50 (page 23)
for an amalgam filling?

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