(a) The following ratios have been extracted from an analysis of the consolidated accounts of three companies...

Question:

(a) The following ratios have been extracted from an analysis of the consolidated accounts of three companies €“ North, South and East:

Required:
Comment on the respective performance of each of the three companies.

(b) €˜The consolidation of financial statements hides rather than provides information.€™Discuss.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...