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Please solve these questions. It's for my assignment. Question No. 4 You have been assigned as an accountant for comparing the performances of Blackburn Corporation

Please solve these questions. It's for my assignment.

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Question No. 4 You have been assigned as an accountant for comparing the performances of Blackburn Corporation with Delta Corporation during the year 2019; both are producing textile products. Both the companies have provided the following ratios. Ratio Blackburn Corporation Delta Corporation Average Payment Period 76 81 Inventory Turnover 5.1 5.7 P/E Ratio 10.5 10 Average Collection 44 51 Period Debt Ratio 0.37 0.44 Profit Margin 0.082 0.054 Asset Turnover 0.94 0.79 Quick Ratio 1.32 1.46 Current Ratio 2.04 2.08 Times Interest Earned 5.6 3.3 EPS 3.26 1.81 a) In the annual report to the shareholders (owners), the Chief Accountant of Blackburn Corporation wrote, "2019 was a good year for the firm as we have made higher return compared to our competitor." Is the Chief Accountant, correct? Explain and use only relevant information in your analysis. (10) b) You are asked to provide an assessment and comparison of both the firms' liquidity and solvency position. Be as complete as possible given the above information, but do not use any irrelevant information (10) Question No. 5 Explain all the advantages and disadvantages of the major depreciation methods. (6) Question No. 6 Briefly explain what makes intangible assets different from other non-current assets. (3) Question No. 7 Briefly explain what makes goodwill different from other intangible assets. (3)

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