The following sets of ratios are industry averages. Ratios Inventory turnover ratio Debt ratio Current ratio...
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The following sets of ratios are industry averages. Ratios Inventory turnover ratio Debt ratio Current ratio Total assets turnover Receivables turnover Industry 1 30x 20% 1.5 7x 9x Industry 2 3x 31% 1.6 2x 1.3x Industries Consultancy firms Heavy industry Petrol service stations Industry 3 15% 1.8 4x 1x Required: Given the following three industries, match each industry with their set of corresponding ratios. Defend your answer. The following sets of ratios are industry averages. Ratios Inventory turnover ratio Debt ratio Current ratio Total assets turnover Receivables turnover Industry 1 30x 20% 1.5 7x 9x Industry 2 3x 31% 1.6 2x 1.3x Industries Consultancy firms Heavy industry Petrol service stations Industry 3 15% 1.8 4x 1x Required: Given the following three industries, match each industry with their set of corresponding ratios. Defend your answer.
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Answer rating: 100% (QA)
Based on the provided sets of ratios we can match each industry with their corresponding set of ratios as follows Industry 1 Consultancy firms Invento... View the full answer
Related Book For
Financial Management Theory And Practice
ISBN: 978-0176583057
3rd Canadian Edition
Authors: Eugene Brigham, Michael Ehrhardt, Jerome Gessaroli, Richard Nason
Posted Date:
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