Explain the advantages and disadvantages of the ratio analysis you have completed Ratio name Industry Averages NeoZone

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Explain the advantages and disadvantages of the ratio analysis you have completed

Ratio name	Industry Averages	NeoZone Ratio
Current ratio	2:1	131.91:1
Quick ratio	1.38:1	104.4:1
Inventory turnover rate	5 times	2.457
Average days inventory is held	61 days	148.78
Gross profit rate	34%	62%
Net profit rate	12%	46%

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Intermediate Financial Management

Intermediate Financial Management

ISBN: 978-1111021573

10th Edition

Authors: Brigham, Daves

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Posted Date: Mar 18, 2024 12:53 PM

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