Which year appears to be more profitable,? Which year indicates there is more financial risk? Which year
Question:
Which year appears to be more profitable,?
Which year indicates there is more financial risk?
Which year appears to be the more efficient in using assets?
For each question, explain your answer by indicating what measures you used to reach your conclusion.
Calculate the following ratios for both years: current ratio, average days to sell inventory (use ending inventory), debt to assets ratio, return on investment (use total assets), gross margin percentage, asset turnover (use ending asset balance), return on sales, and plant assets to long-term debt ratio. Include all formulas and intermediate calculations. |
Social Statistics for a Diverse Society
ISBN: 978-1483333540
7th edition
Authors: Chava Frankfort-Nachmias, Anna Leon-Guerrero