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3 D. (20 Marks) a) What are the dangers of ratio calculations and under what circumstances they may vary for the purpose of analysis? (8

3 D. (20 Marks)

a) What are the dangers of ratio calculations and under what circumstances they may vary for the purpose of analysis? (8 Marks)

b) From the Financial Statements above in Question 2b, calculate the following financial ratios: Show definition, formula and calculation (12 Marks)

Days in Inventory

Return on Equity

Return on Assets

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