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- 24 The financial statements of EGUL Company showed the following: Total Assets P600,000: Total Liabilities P200,000 and Net Income P60,000. You are to perform

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- 24 The financial statements of EGUL Company showed the following: Total Assets P600,000: Total Liabilities P200,000 and Net Income P60,000. You are to perform the financial ratio analysis, the return on equity is (1 pt) a. 10percent b. 15percent c. 3Opercent d. 75 percent -25 The process of looking at the relationships between different account balances in the financial statements to see if they indicate positive or negative trends developing within a company. (1 pt) a. Activity analysis b. Profitability c. Ratio analysis d. Vertical analysis

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