Question
Iraqi Retailers Corporation presents the following financial data for the years ended December 31, 2022, and December 31, 2023: Financial Metrics Year Ended Dec 31,
Iraqi Retailers Corporation presents the following financial data for the years ended December 31, 2022, and December 31, 2023:
Financial Metrics | Year Ended Dec 31, 2022 (IQD) | Year Ended Dec 31, 2023 (IQD) |
Total Assets | 200,000,000 | 250,000,000 |
Total Liabilities | 100,000,000 | 120,000,000 |
Shareholders' Equity | 100,000,000 | 130,000,000 |
Net Income | 20,000,000 | 25,000,000 |
Compare the financial performance and position of Iraqi Retailers Corporation for the years 2022 and 2023 based on the provided data. Discuss any significant changes or trends observed in the company's financial statements and analyze the implications for its stakeholders.
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