Global Healthcare Products has the following ratios compared to its industry for 2015. Explain, with supporting calculations,

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Global Healthcare Products has the following ratios compared to its industry for 2015.

Global Healthcare Industry 10% Return on sales. Return on assets. 2% 18% 12%

Explain, with supporting calculations, why the return-on-assets ratio is so much more favourable than the return-on-sales ratio, compared to the industry.

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Foundations of Financial Management

ISBN: 978-1259024979

10th Canadian edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta

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