Data for Unilate Textiles 2008 financial statements are given in Table 2 1 and Table 2 2 in the chapter a Compute the 2008 values of the following ratios b Briefly comment on Unilates 2008 financial position Can you see any obvious strengths or weaknesses c Compare Unilates 2008 ratios with its 200...

a Dollar amounts are in millions b The ratios do not show any particular strengths However Unilate d ...

Data for Unilate Textiles 2008 financial statements are given in Table 2-1 and Table 2-2 in the

Question:

Data for Unilate Textiles€™ 2008 are given in Table 2-1 and Table 2-2 in the chapter.
a. Compute the 2008 values of the following ratios:

2008 Values Ratio Industry 3.9x 33.5 days Unilate Current ratio Days sales outstanding Inventory tumover Fixed assets tu

b. Briefly comment on Unilate€™s 2008 financial position. Can you see any obvious strengths or weaknesses?
c. Compare Unilate€™s 2008 ratios with its 2009 ratios, which are presented in Table 2-6. Comment on whether you believe Unilate€™s financial position improved or deteriorated during 2009.
d. What other information would be useful for projecting whether Unilate€™s financial position is expected to improve or deteriorate in the future?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...