Refer to the calculations from M13-2. Which of the ratios from Exhibit 13.5 have been included in

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Refer to the calculations from M13-2. Which of the ratios from Exhibit 13.5 have been included in these calculations? Have these two ratios improved or deteriorated in the current year compared to the previous year?

Exhibit 13.5:

EXHIBIT 13.5 Common Ratios Used in Financial Statement Analysis Profitability Ration Net Profit Margin-Net

Data From M13-1:

Perform the calculations needed for vertical analyses. Round percentages to one decimal place.

LOCKEY FENCING CORPORATION Income Statements For the Years Ended December 31 Net Sales Cost of Goods Sold

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Fundamentals of Financial Accounting

ISBN: 978-0078025914

5th edition

Authors: Fred Phillips, Robert Libby, Patricia Libby

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Question Posted: Dec 21, 2023 01:53 AM

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Refer to the calculations from M13-2. Which of the ratios from Exhibit 13.5 have been included in

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Fundamentals of Financial Accounting

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