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Transcription of this question: 2.(a)(b)(c)By the 1970s, Japanese companies had moved to just-in-time production(line 26). Outline one advantage and one disadvantage Of just-in-timeproduction.Using data from the additional information on page 3, calculate RDB S:(i) gross profit margin in 1970 and 1975.(ii) acid test (quick) ratio in 1970 and 1975.Interpret the results from your calculations in part[4 marks][2 marks][2 marks][7 marks]

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