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In how many area ratios are grouped
Ratios can be grouped into 3 main areas:
1 Performance - how well business has done (profitability)
2 Position - short term standing of business (liquidity)
3 Potential - what the future holds for business
Question: PART A With the view to modernise its accounting system Government is considering adopting International Public Sector Accounting Standards (IPSAS) so as to maxim
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