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Required: Now that Docile and Co have accepted DMC as a client, you are instructed by Mr Docile to draft an engagement letter. Briefly set
Required:
Now that Docile and Co have accepted DMC as a client, you are instructed by Mr Docile to draft an engagement letter. Briefly set out the key headings you will put in your engagement letter.
(4 Marks)
You commence the preliminary analytical review, and note the following figures:
DMC Industry Average
Current Ratio 1.0 2.5
Quick Ratio 0.8 1.3
Equity as a % of assets 25% 50%
Gross Margin 20% 35%
Inventory Turnover (days) 30 25
Please need this ASAP!!
will kine and comment !Thank you
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