Question: 5 Compute the ratios requested in the chart below. For ratio formulas and explanation refer to Appendix BRatios. Carnival Corporation Industry Norm* Year 5 Year

5 Compute the ratios requested in the chart below. For ratio formulas and explanation refer to Appendix BRatios. Carnival Corporation Industry Norm* Year 5 Year 3Gross profit margin 50.8%ROS 16.8%ROA 6.7%ROE 12.2%Asset turnover 0.40* Q6 The income statement and related ratios indicate (strengthening / steady / weakening) earnings potential. Why? List observations that support your conclusion and explain why. Q7 The primary source of cash was (operating / investing / financing), which is a(n) (favorable /unfavorable) sign. For property, plant, and equipment a net cash (inflow / outflow) was reported in the (operating /investing / financing) activity section so PPE was (purchased / sold), which is

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