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1. State and express two ratios that can be used to analyse each of the following: (i) profitability; (ii) liquidity; (iii) management control. 2. Discuss
1.State and express two ratios that can be used to analyse each of the following:
(i) profitability;
(ii) liquidity;
(iii) management control.
2.Discuss the importance of the disclosure of exceptional items to the users of the annual report in addition to the operating profit.
3.Explain how a reader of the accounts might be able to assess whether the non-current asset base is being maintained.
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