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The management of Walid Sdn. Bhd. will discuss the financial position during the 5th Annual Meeting. As an assistant accountant of the company, you have
The management of Walid Sdn. Bhd. will discuss the financial position during the 5th Annual Meeting. As an assistant accountant of the company, you have been asked to do a financial analysis based on the following data extracted from final accounts as at 31 March 2017. Required: a) Calculate on each of the following ratios of Walid Sdn. Bhd. i) Gross profit ratio ii) Current ratio iii) Return on equity ratio iv) Return on asset ratio v) Inventory turnover ratio
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