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Answer

Ratio Analysis

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Question 3 (10 marks) In analysing the financial statements of an entity, the following ratios were calculated: 2017 2016 Current ratio 1.1:1 1.3:1 Quick ratio 0.5:1 0.7:1 Receivables turnover 30 days 45 days Inventory turnover 3 times 4 times Profit margin 10% 7% What conclusion(s) can be made about the entity based on the above ratios?