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Financial and managerial accounting Revenues There is no strong impact on the company's revenues in 2020, also the government subsidy $318,510, salary support 266,732 and
Financial and managerial accounting Revenues There is no strong impact on the company's revenues in 2020, also the government subsidy $318,510, salary support 266,732 and electricity and water subsidy $44,005 Expenses Additional expenses of $143,832 due to Coronavirus 2020 Investment The Company holds financial assets at fair value through profit income or loss. The change in the fair value / declared profit for the year 2020 amounted to 352,376 dollars compared to the fair value profits of 265,535.1 dollars last year and the reason is due to the Corona virus Net income Net income in 2020 amounted to 1,086,159 and in 2019 it was 1,850,735 The company also has unused bank facilities. The liquidity position is strong and there is no material decline in cash collection. The company also has liquid investments in the balance sheet, the cash flow from customers is stable in addition to government support Q/Determine the degree of improvement or decline in each of the previous financial ratios between the two mentioned years. 2019/2020. Financial and managerial accounting Revenues There is no strong impact on the company's revenues in 2020, also the government subsidy $318,510, salary support 266,732 and electricity and water subsidy $44,005 Expenses Additional expenses of $143,832 due to Coronavirus 2020 Investment The Company holds financial assets at fair value through profit income or loss. The change in the fair value / declared profit for the year 2020 amounted to 352,376 dollars compared to the fair value profits of 265,535.1 dollars last year and the reason is due to the Corona virus Net income Net income in 2020 amounted to 1,086,159 and in 2019 it was 1,850,735 The company also has unused bank facilities. The liquidity position is strong and there is no material decline in cash collection. The company also has liquid investments in the balance sheet, the cash flow from customers is stable in addition to government support Q/Determine the degree of improvement or decline in each of the previous financial ratios between the two mentioned years. 2019/2020
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