AFAB ASSIGNMENT DANIAL.docx - Debt-to-Equity ratio = Total...

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Debt-to-Equity ratio = Total liabilities ÷ Total shareholders' equity 2014 : 13858494 ÷ (13845729) = 1.0009 2015 : 14318008 ÷ (14316818) = 1.0008 2016 : 20288493 ÷ 20237651 = 1.0025 2014 2015 2016 1 1 1 1 1 1 1 1 Debt To Equity Ratio Debt To Equity Ratio From what we can conclude is that in the year 2014, as we can see that there are not yet any changes in the graph. As year passes graph shows that it started to decline from (1.0009) to (1.0008) in 2015. And by this we can say that Practice NOTE 17 (PN17) is occurred. Basically what PN17 means is that it is an initiative to ensure companies provide the appropriate response on a timely basis to all
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