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WAEC Accounting 2017 Theory — Question 9

Question 9 of 15 from the West African Examinations Council (WAEC) Accounting 2017 Theory paper, with the correct answer and a full explanation.

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4(a) List the four main groups of accounting ratios.

Model answer

Group of accounting ratios: (i) Liquidity ratio (ii) Profitability ratio (iii) Efficiency ratio (iv) Long-range/gearing ratio.

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