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Additional Information: 1. Assume there are 365 days in a year. 2. For the year ended 30 June 2021, 40% of revenues were credit sales
Additional Information: 1. Assume there are 365 days in a year. 2. For the year ended 30 June 2021, 40% of revenues were credit sales whereas, for the year ended 30 June 2022, 30% of revenues were cash sales. Based on the financial statements for the year ended on 30 30 June 2021 and 2022 given, you are required to: b. Interpret each of the ratios for both years. c. Compare and contrast the liquidity ratios, profitability ratios, and efficiency ratios for both yearsStatement of Profit or Loss for the year ended 30 June 2022 RM RM RM CONFIDENTIAL AC/UULY2022/ACC106/117 Statement of Financial Position as at 30 June 2022 RM RM RM \begin{tabular}{|l|l|l|} \hline CONFIDENTIAL & AC/JULY2022/ACC106/117 \\ \hline \end{tabular} Statement of Profit or Loss for the year ended 30 June 2022 RM RM RM CONFIDENTIAL AC/UULY2022/ACC106/117 Statement of Financial Position as at 30 June 2022 RM RM RM \begin{tabular}{|l|l|l|} \hline CONFIDENTIAL & AC/JULY2022/ACC106/117 \\ \hline \end{tabular}
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