The following information relate to KIOKO Enterprices: Profit Statement for the year ended 31" December...
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Accounting
The following information relate to KIOKO Enterprices: Profit Statement for the year ended 31" December Balance Sheet as at 31 December ( 000s) You are required to calculate the following ratios for both 2019 and 2020 and comment on the performance according to each ratio comparing both years: (a) STOCK TURNOVER RATIO (b) NET PROFIT MARGIN RATIO (c) QUICK RATIO (d) DEBT RATIO (e) DEBTORS COLLECTION PERIOD Question 2 Discuss the uses of ratios Question 3 Identify the limitations of ratios
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