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Evaluation and interpretation of ratios
DHSC
The current ratio and quick ratio are effective in knowing the liquidity position of the Group. In respect of DHSC, there is a slight reduction in the quick ratio and current ratio. This signifies that current assets and quick assets are lower and insufficient to pay the short-term debts of the firm (Department of Health and Social Care annual report 2022).
The debt ratio has slightly declined from …
Task A
Budget
A budget is a thorough financial plan that details the predicted methods for achieving the financial and operational objectives of a firm. A budget is referred to as a "budget" in this article. In order to carry out effective financial planning, budgeting is an activity that must first be carried out. Even the most unassuming business stands to benefit from the formulation of an all-encompassing, well-written plan to direct it…
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