b. Comment on both firms financial position in terms of liquidity and profitability over the period.

The following are the financial data as at 31 December 2017 of 2 firms: Karen Mini Mart & Fook Souvenir Shop Turnover Gross profit Inventory Bank Debtor Current Liabilities Expenses Net profit Karen Mini Mart RM 65,000 24,000 1,800 2,000 1,500 3,800 20,000 4,000 Fook Souvenir shop! RM 18,000 9,500 2,000 2,500 1,000 3,500 7,500 4,000