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Abstract

The first half of the 1980s was a period of economic setbacks. Ratio numbers were used to measure financial success in the Western Transvaal. Median profitability was low, but solubility favourable. Excessive use of short-term debt capital was encountered. The median ratio between gross revenue and total costs was unfavourable; over-expenditure on fertilisers, fuel and repairs in particular, reduced profitability. Large variances were encountered in most ratios and distributions were not normal. Those whose performances were weaker in terms of profitability and liquidity incurred larger costs relative to revenue and also invested more.

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