Compare the results of two years of ratios for Prince George Corp.

Required
1. Identify whether the change from 2016 to 2017 was good (+) or bad (ˆ’).
2. Assess whether the performance in 2017 is good (+) or bad (ˆ’) compared to the industry average presented in the benchmark column.

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Change 2017 2016 +or- Performance + or- Ratio Current ratio Acid-test ratio Inventory turnover Accounts receivable turnover Debt ratio Times-interest-earned ratio Rate of return on total assets Rate of return on common Benchmark 1.5 1.7 0.83 0.85 7 0.95 10 13 0.7 4 0.05 12 1 0.3 0.2 0.06 0.04 shareholders' equity 0.24 0.23 0.14