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Rake Limited is considering the take-over of Super Stores. They hire you as a specialist to examine th financial statement of the company and advise

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Rake Limited is considering the take-over of Super Stores. They hire you as a specialist to examine th financial statement of the company and advise them of the feasibility of the take-over. The financial statements of Super Stores are presented to you. Make the necessary analysis and present your findings to Rake Limited. INFORMATION: Super Stores Extract of the Statement of Comprehensive Income of for the year ended 31 December 2020. Extract of the Statement of Comprehensive Income of for the year ended 31 December 2020. Extract of the Statement of Financial Position as at 31 December 2020. The following analysis will be done: 3.1 Gross margin 3.2 Profit margin 3.3 Current ratio 3.4 Acid-test ratio 3.5 Debt to equity 3.6 Debtors collection period 3.7 Advice to Rake Limited

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