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I did the same, but recalculated those ratios again, I mean I showed how they were calculated. Dont know will gain any points for recalculation.
What did you write for the second part of this question. Part B?
I wrote that the Xpand should also look at the cash flow statement and interest cover period for decision. Thats all what came to my mind))Just waffle as I was literally still writing when being told to my put my pen down, I mentioned and performed some calculations that were missing like quick acid test, and I think the net profit margin, and I also mentioned about calculating eps, think I done enough to pass, the mcq’s killed me where there were no calculations required, I must of read some questions 2 or 3 times and still didn’t fully understand what they were asking.
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