please answer in detail and working out 8.31 Selected information for...
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Accounting
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8.31 Selected information for two companies competing in the catering industry have been presented below. Current assets Non-current assets Current liabilities Non-current liabilities Equity Profit Fine Foods $165 750 375 000 87 900 134 550 318 300 150 000 Devine $251 850 448 500 35 250 217 500 447 600 79 500 Required a. Analyse and compare the liquidity, solvency and profitability ratios of the entities. b. From your calculations in part (a), explain which entity is in a more favourable position
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