Question: Espial Group Inc. calculated the ratios shown below for 2014 and 2013: Required 1. Identify whether the change in the ratios from 2013 to 2014

Espial Group Inc. calculated the ratios shown below for 2014 and 2013:

Required
1. Identify whether the change in the ratios from 2013 to 2014 is favourable (€˜F€™) or unfavorable (€˜U€™).
2. Assess whether the 2014 ratios are favourable or unfavorable in comparison to the industry averages shown in Exhibit18.11.

Comparison Change to Industry For UAverage 2014 1.14:1 1.00:1 2013 1.23:1 0.99:1 Acid-test ratio 26 4.2 63 29 3.7 67 2.0 ays sales in inventory Total asset turnover.... ratio. 35 fit ratio 14 15

Step by Step Solution

★★★★★

3.26 Rating (170 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

2014 2013 Trend Comparison to Industry Average Current r... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

384-B-A-F-S (4076).docx

120 KBs Word File

Students Have Also Explored These Related Accounting Questions!

Vivavision Inc. calculated the ratios shown below for 2014 and 2013: Required 1. Identify whether the change in the ratios from 2013 to 2014 is favourable (F) or unfavorable (U). 2. Assess whether...

Web Structure Inc. calculated the ratios shown below for 2020 and 2019: Required 1. Identify whether the change in the ratios from 2019 to 2020 is favourable (F) or unfavourable (U). 2. Assess...

Silver Bullet Slide Company calculated the ratios shown below for 2020 and 2019: Required 1. Identify whether the change in the ratios from 2019 to 2020 is favourable (F) or unfavourable (U). 2....

Problem 1 7 - 8 A Evaluating ratios LO 4 Web Structure Inc. calculated the ratios shown below for 2 0 2 3 and 2 0 2 2 : Required: & 2 . Identify whether the change in the ratios from 2 0 2 2 to 2 0 2...

Web Structure Inc. calculated the ratios shown below for 2 0 2 3 and 2 0 2 2 : Required: & 2 . Identify whether the change in the ratios from 2 0 2 2 to 2 0 2 3 is favourable ( ' F ' ) or...

Web Structure Inc. calculated the ratios shown below for 2017 and 2016: Required: 1. & 2. Identify whether the change in the ratios from 2016 to 2017 is favourable (F) or unfavourable (U) and assess...

Web Structure Inc. calculated the ratios shown below for 2020 and 2019: Required: 1. & 2. Identify whether the change in the ratios from 2019 to 2020 is favourable (F) or unfavourable (U) and assess...

8. White Company issued P8,000,000 12% bonds on December 31, 2020 at 96. Interest is payable annually on December 31. Bond maturity December 31 2022 2023 2024 2025 2026 2027 1,000,000 1,000,000...

how the different outcomes of the simulation can help us understand aspects of this week's theme. The theme is Social Policy You have been serving in Congress for twenty-six years. In that time, yo...

Blossom Corporation is preparing the comparative financial statements to be included in the annual report to stockholders. Blossom employs a fiscal year ending May 31. Income from operations before...

A summary of the time tickets for the current month follows: Journalize the entry to record the factory laborcosts. Job No. Amount Job No. Amount 101 122 133 139 $1,540 1,610 870 4,240 141 Indirect...

Revisiting the storage time study. We studied the loss of vitamin C when bread is stored in Exercise 7.76 (page 470). Recall that two loaves were measured immediately after baking and another two...

What happens to two magnets when they attract each other?

While shopping on October 13, 2011, at the Floor Wax Shop, Tom Jacobs slipped and seriously injured his back. Mr. Jacobs believed that the Floor Wax Shop should have warned him that the floors were...

Ardens Used Cars offers a one-year warranty from the date of sale on all cars. From historical data, Mr. Arden estimates that, on average, each car will require the company to incur warranty costs of...

To kick off its 201l advertising campaign, Rachels Breakfast Cereal is offering a $1 refund in exchange for five cereal box top. The company estimates that the tops of 10 percent of the cereal boxes...

9 53% of students entering four-year colleges receive a degree within six years. Is this percent smaller than for students who play intramural sports? 122 of the 235 students who played intramural...

Muller's Investigative Services has stock is trading at $65 per share. The stock is expected to have a year-end dividend of $4 per share (D1 = $4), and it is expected to grow at some constant rate,...

An investor is considering a portfolio consisting of investment in three securities 1, 2, and 3. The means and standard deviations of expected returns for the three individual securities are:...