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The analysisthas gathered financial information of the two firms A and B as follows: Firm A Particulars 2020 2021 2022 Sales (TZS) 6,500 5,300 4,
The analysisthas gathered financial information of the two firms A and B as follows:
Firm A
| Particulars | 2020 | 2021 | 2022 |
| Sales (TZS) | 6,500 | 5,300 | 4, 200 |
| Quick Ratio | 0.85 | 0.80 | 0.75 |
| Gearing % | 50 | 55 | 58 |
Firm B
| Particulars | 2020 | 2021 | 2022 |
| Sales | 6,510 | 6,700 | 6,900 |
| Quick Ratio | 1.25 | 1.30 | 1.40 |
| Gearing % | 26 | 22 | 20 |
Required: Based on trend analysis, which company is preferrable from an investors point of view?
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Internal Audit Practice From A To Z
Authors: Patrick Onwura Nzechukwu
1st Edition
149874205X, 978-1498742054
