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Smith Inc. is a wholesaler of snow skiing gear. The following data relates to two businesses, for the year ended 31st March 2021. All sales

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Smith Inc. is a wholesaler of snow skiing gear. The following data relates to two businesses, for the year ended 31st March 2021. All sales are on credit and all cost of sales and expenses are on credit. Compare and contrast the financial performance of the two businesses. ( 5 marks)

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