Before the Covid-19 pandemic Company AB Ltd established a thriving clothing retailer. The company operated from a self-service store on the outskirts of the city and had few employees. The strategy of the company was to offer a bargain clothes which were at least 20% cheaper than the market and offered a further 10% discount if customers spent more than £100. Explain how the key accounting ratios would have changed due to the Covid-19 pandemic including periodic lockdowns, social distancing, and wearing masks.

Answer rating: 100% (QA)

ANSWER The Covid 19 pandemic has impacted the demand and supply of products or services very badly within the Country and the buyers as well as seller... View the full answer