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1.2 REQUIRED Use the information provided below to answer the following questions: 1.2.1 Calculate the...

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Accounting

1.2 REQUIRED Use the information provided below to answer the following questions: 1.2.1 Calculate the return on net assets and current ratio for all three companies (expressed to two decimal places). (6 marks) 1.2.2 Comment on the return and risk associated with Company D from your calculations in question 1.2.1. (3 marks) INFORMATION The following information relates to the working capital policies of three companies: Company D Company E Company F Conservative Moderate Aggressive R R R Statement of Comprehensive Income Sales 4 000 000 4 000 000 4 000 000 Operating profit 500 000 500 000 500 000 Statement of Financial Position Non-current assets 2 500 000 2 500 000 2 500 000 Inventories 2 200 000 2 000 000 1 700 000 Accounts receivable 1 100 000 900 000 700 000 Cash 500 000 300 000 10 000 Bank overdraft 0 0 400 000 Accounts payable 1 300 000 1 700 000 1 800 000

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