The Directors are keen to compare their forecast results with their competitors. Explain how ratios could be used to compare the company’s liquidity with its’ competitors results.
Description You are the recently appointed accountant at City Ltd is a new company, which will be incorporated on 1st April 2020. Initially the company will manufacture and sell a single electronic product used in the production of drones. The following details relate to the company’s first financial year: Selling price £275 per unit. Direct […]