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QUESTION 3 These will be elaborated in the following sections. To illustrate better the computations of financial ratios and its interpretation, the financial statements if

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QUESTION 3 These will be elaborated in the following sections. To illustrate better the computations of financial ratios and its interpretation, the financial statements if ABC Bhd is provide in TABLE 1.1 INCOME STATEMENT FOR THE YEAR ENDED 31ST DECEMBER 2020 FINANCIAL POSITION AS AT 31st DECEMBER 2020 Calculate the following Ratios: a) Gross Profit Margin b) Net Profit Margin c) Current Ratio d) Quick Acid Ratio e) Inventory Turnover Ratio (Days) f) Accounts Receivable Turnover Ratio g) Accounts Payable Turnover Ratio h) Debt ratio i) Return on Assets b) Explain the limitation of ratio in a business

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