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3 number Asset turn over ratio very urgent Aequired: A. Calculate the following three ratios for bakery shops 1,2 and 3 . 1) Return on
3 number Asset turn over ratio very urgent
Aequired: A. Calculate the following three ratios for bakery shops 1,2 and 3 . 1) Return on total assets 2) Profit margin 3) Asset turnover ratio (9 marks) B. Of the above ratios select the one you consider the best to gauge the overall profitability of the shops and use it to rank the shops according to their performance Explain your reason for choosing the ratio you have selected. (1 mark)Step by Step Solution
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