Espial Group Inc. calculated the ratios shown below for 2014 and 2013: Required 1. Identify whether the
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Required
1. Identify whether the change in the ratios from 2013 to 2014 is favourable (F) or unfavorable (U).
2. Assess whether the 2014 ratios are favourable or unfavorable in comparison to the industry averages shown in Exhibit18.11.
Transcribed Image Text:
Comparison Change to Industry For UAverage 2014 1.14:1 1.00:1 2013 1.23:1 0.99:1 Acid-test ratio 26 4.2 63 29 3.7 67 2.0 ays sales in inventory Total asset turnover.... ratio. 35 fit ratio 14 15
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my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
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Related Book For
Fundamental Accounting Principles Volume II
ISBN: 978-1259066511
14th Canadian Edition
Authors: Larson Kermit, Jensen Tilly
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