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Use the information provided below to calculate and interpret the following ratios. Where applicable, round off answers to two decimal places. CONVERSE LIMITED STATEMENT OF

Use the information provided below to calculate and interpret the following ratios. Where applicable, round off answers to two decimal places.

CONVERSE LIMITED

STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED

31

DECEMBER

2015

\

table

[[,

], [

Sales

(

all credit

), 803000], [

Cost of sales,

(676000)

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