Question: Summary financial information for ABC Co is given below, covering the last two years Current Year Previous Year Income Statement Extract TZS 0 0 0
Summary financial information for ABC Co is given below, covering the last two years Current Year Previous Year Income Statement Extract TZS TZS Revenue Cost of sales Salaries and wages Other costs PBIT Interest Tax PAIT Dividend payable Current Year Previous Year Income Statement Extract TZS TZS Shareholders funds Long term debt Other information Number of shares issued PE ratio average for the year ABC Co Industry Required: a Using profitability, debt, and shareholders investment ratios, discuss the performance of ABC Co over the last two years. b Explain why accounting profits may not be the best measure of a companys achievements. c Discuss how good corporate governance procedures can help to manage und
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