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A skeleton of Lory Grou's financial statements ( i . e . , Statement of financial position and Statement of profit or loss ) for
A skeleton of Lory Grou's financial statements ie Statement of financial position and Statement of profit or loss for the year ending on December X appears as follows amounts in millions:
Statement of financial position
Required:
Use the following ratio data to complete Lory Group's financial statements:
Return on equity
Total asset turnover
Net operating margin
Current ratio
Acid test ratio
Inventory turnover
Gearing total finance
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