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I need an answer to this management accounting question QUESTION 2: Apply the information obtained from the statements above and complete the following table for

I need an answer to this management accounting question

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QUESTION 2: Apply the information obtained from the statements above and complete the following table for 2016 and 2017 only (26) (NB: Show all formulas, calculations and comments) Spur Time Series Comparative Financial Industry Actual Ratio Actual Ratio 2017 Ratios Averages 2017 2016 2017 Better/ Better/ Worse Worse Current ratio 2.80 Quick (acid-test) 1.70 ratio Inventory 22.50 times p.a. turnover Average 67 days collection period Average 72 days payment period Total debt ratio 11% Debt-to-equity 50% ratio Times interest 3.8 times earned ratio Gross profit 38% margin Net working R865 000 capital Net profit margin 13.5% Return on assets 14.0% (ROA Return on equity 9.5% ROE) O O

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