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Use the financial statements prepared for Tim, Brian, and Spencer Partnership in (2) above to calculate the following accounting ratios: (i) Gross profit percentage. (ii)
Use the financial statements prepared for Tim, Brian, and Spencer Partnership in (2) above to calculate the following accounting ratios: (i) Gross profit percentage. (ii) Net profit percentage. (iii) Current ratio. (iv) Quick/Liquid ratio. (v) Stock turnover. (vi) Average/debtors collection period (vii) Average Payment period (viii) Comment on the performance of firm in terms of profitability and liquidity Use the financial statements prepared for Tim, Brian, and Spencer Partnership in (2) above to calculate the following accounting ratios: (i) Gross profit percentage. (ii) Net profit percentage. (iii) Current ratio. (iv) Quick/Liquid ratio. (v) Stock turnover. (vi) Average/debtors collection period (vii) Average Payment period (viii) Comment on the performance of firm in terms of profitability and liquidity
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Sawyers Internal Auditing Enhancing And Protecting Organizational Value
Authors: The Internal Audit Foundation
7th Edition
1634540522, 9781634540520
