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answer only if u know ... otherwise straightway report against your answer....I will give 10 downvotes ILLUSTRATION 4 ABC Company sells plumbing fixtures on terms

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answer only if u know ... otherwise straightway report against your answer....I will give 10 downvotes

ILLUSTRATION 4 ABC Company sells plumbing fixtures on terms of 2/10, net 30. Its financial statements over the last 3 years are as follows: Particular 2015 2016 2017 Cash Accounts receivable Inventory Net fixed assets 30,000 2,00,000 4,00,000 8,00,000 14,30,000 20,000 2,60,000 4,80,000 8,00,000 15,60,000 5,000 2,90,000 6,00,000 8,00,000 16,95,000 Accounts payable Accruals Bank loan, short-term Long-term debt Common stock Retained earnings 2,30,000 2,00,000 1,00,000 3,00,000 1,00,000 5,00,000 14,30,000 3,00,000 2,10,000 1,00,000 3,00,000 1,00,000 5,50,000 15,60,000 3,80,000 2,25,000 1,40,000 3,00,000 1,00,000 5,50,000 16,95,000 Sales 40,00,000 43,00,000 Cost of goods sold 32,00,000 36,00,000 Net profit 3,00,000 2,00,000 Analyse the company's financial condition and performance over the last 3 years. Are there any problems? 38,00,000 33,00,000 1,00,000

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