Based on above information, analyze the changes in the companys profitability and liquidity, in addition to the
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Based on above information, analyze the changes in the company’s profitability and liquidity, in addition to the management of accounts receivable and inventory from 2018 to 2020. (Round answers to 1 decimal place, e.g. 13.5% or 13.5.)
2018 | 2019 | 2020 | ||||
Sales | % | % | % | |||
Cost of goods sold | % | % | % | |||
Gross margin | % | % | % | |||
Other expenses | % | % | % | |||
Income taxes | % | % | % | |||
Net income | % | % | % |
2018 | 2019 | 2020 | |||||||
Current Ratio | : 1 | : 1 | : 1 | ||||||
Quick Ratio | : 1 | : 1 | : 1 | ||||||
A/R Turnover | times | times | times | ||||||
Average Collection Period | days | days | days | ||||||
Inventory Turnover | times | times | times | ||||||
Days to Sell Inventory | days | days | days |
Based on the above information, analyze the company’s use of leverage from 2018 to 2020. (Round answers to 1 decimal place, e.g. 15.1%.)
2018 | 2019 | 2020 | ||||
Debt to Equity | % | % | % | |||
Return on Assets | % | % | % | |||
Return on Equity | % | % | % |
Related Book For
Understanding Financial Accounting
ISBN: 9781119406921
2nd Canadian Edition
Authors: Christopher D. Burnley
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