Erin the owner of Sweets To Eat Ice Cream Shoppe wants to know how her company is operating from a financial perspective. Her CPA has given her the following numbers Sales 325000 Operating Profits 50000 Current Assets 125000 Current Liabilities 40000 Total Assets 350000. The ice cream retail industry norms include Operating Profit Margin 10 Return on Assets 11 and Current Ratio 27. Determine the companys liquidity and compare the value to the industry ratios.

Answer rating: 100% (QA)

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