Salmon Ltd and Tuna Ltd are both retailers of ready-made garments. Salmon aims at the more expensive

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Salmon Ltd and Tuna Ltd are both retailers of ready-made garments. Salmon aims at the more expensive end of the market, Tuna at the cheaper end. The financial statements of both companies are shown below:


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Comment on the comparative profitability of both companies, on the basis of calculating four relevant accounting ratios.

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Related Book For  book-img-for-question

Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

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