Generally speaking, do the following indicate good news, or bad news? a. Increase in times interest earned
Question:
a. Increase in times interest earned ratio.
b. Decrease in days to sell.
c. Increase in gross profit percentage.
d. Decrease in EPS.
e. Increase in asset turnover ratio.
Asset Turnover
Asset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio.
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Related Book For
Managerial Accounting
ISBN: 978-0078025518
2nd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
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