Question

Crystal Cromartie’s Frozen Foods reported the following for the fiscal years ended September 30, 2011, and September 30, 2010:


Assume there is no outstanding preferred stock and all sales are credit sales. Calculate the following ratios:
1. Current ratio (for both years)
2. Accounts receivable turnover ratio (for 2011)
3. Inventory turnover ratio (for 2011)
4. Debt- to- equity ratio (for both years)
5. Return on equity (for 2011) Do any of these ratios suggest problems for thecompany?


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  • CreatedSeptember 01, 2014
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