Business A and Business B are both engaged in retailing but seem to take a different approach

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Business A and Business B are both engaged in retailing but seem to take a different approach to this trade according to the information available. The information consists of a table of ratios, shown as Table 7.10.image text in transcribed

Required:

(a) Explain briefly how each ratio is calculated.

(b) Describe what this information indicates about the differences in approach between the two businesses. If one of them prides itself on personal service and one of them on competitive prices, which do you think is which, and why?

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