Your friend has $5000 to invest in the stock market and is deciding between an investment in

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Your friend has $5000 to invest in the stock market and is deciding between an investment in Ability Ltd or Absolute Ltd. In the most recent reporting period, absolute Ltd made a profit after tax of $850 000, compared to Ability's after-tax profit of $495 000. On this basis, your friend believes Absolute Ltd is the superior investment. Discuss your friend's investment choice. In doing so, suggest other financial data that should be considered. Identify the non-financial data may be of interest to inform your friend's investment decision?
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Accounting Business Reporting For Decision Making

ISBN: 9780730302414

4th Edition

Authors: Jacqueline Birt, Keryn Chalmers, Albie Brooks, Suzanne Byrne, Judy Oliver

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