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QUADSTAR PART TWO QUADSTAR PLC. A RETAILER OF WOMENS FASHION CLOTHING AND ACCESSORIES, EMPLOY YOU AS A PROJECT ACCOUNTANT. THE COMPANY FLOATED ON THE STOCK EXCHANGE THREE YEARS AGO AND PROMISED INVESTORS STEADY GROWTH AS IT PURSUED NEW MARKETS ABROAD. FINANCIAL TURMOIL IN THE FAR EAST AND SLUGGISH DEMAD AT HOME HAVE HAMPERED PROGRESS, ALTHOUGH THE FIRMS DESIGNERS CONTINUE TO PRODUCE DISTINCTIVE AND INNOVATIVE STYLES THAT ARE REGULARLY ILLUSTRATED IN THE FASHION MEDIA. THE COMPANY SUBCOONTRACTS THE MANUFACTURE OF ITS PRODUCT TO A NUMBER OF FIRMS, INCLUDING DENHAM FABRICS PLC AND FOSTERS PLC. THE CURRENT SHARE PRICES FOR DENHAM ARE 12P AND 40P FOR FOSTERS. THE COMPANIES RECENTLY PUBLISHED FINANCIAL RESULTS WHICH CAN BE FOUND FURTHER DOWN THE PAGE. THE ACCOUNTING PRINCIPLES OF THE TWO COMPANIES ARE SIMILAR EXCEPT IN RESPECT OF FIXED ASSETS. DENHAM HAS RECENTLY REVALUED ITS PROPERTY IN LINE WITH MARKET PRICES AND THIS HAS INCREASED THE DEPRECIATION CHARGE TO THE...

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