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Required
1. Download ARM Cement Limited 2016 annual report (https://africanfinancials.com/document/ke-arm-2016-ar-00/).
2. Calculate and analyze any five ratios that you can use to evaluate the case above. (20 marks)
3. Using Altman Z Score model, evaluate the business financial distress for years 2015 and 2016. (10 marks)


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