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b) It is widely recognized that in order to succeed, a business must pay regard not only to its profitability, but also to its liquidity.

b) It is widely recognized that in order to succeed, a business must pay regard not only to its profitability, but also to its liquidity. i) ii) State briefly what you understand by the terms profitability and liquidity (4marks) Name and explain any two (2) ratios, which can be used to measure profitability and any two (2) ratios for measuring liquidity. (4 marks)

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