Question: It is not impossible for ML to fly high in the future but there is a lot of area that need to be improved by
It is not impossible for ML to fly high in the future but there is a lot of area that need to be improved by Mun Leong.
As a business analyst, what will be the areas for future improvement that need to be taken into action by Mun Leong to improve company’s financial position.
Ratio Current Ratio Quick Ratio Receivable Turnover Ratio Inventory Turnover Ratio Debt Equity Ratio Gross Profit Margin Net Profit Margin Total Assets Turnover Ratio Return on Equity 2017 2.82 1.45 6 6.25 .61 38% 26% .78 .33 2018 1.87 .97 2.88 3.2 .77 59% 20% .86 .45 2019 1.68 .83 3.43 3.55 1.25 60% 15% .87 .45
Step by Step Solution
3.41 Rating (170 Votes )
There are 3 Steps involved in it
Based on the given financial ratios some areas for improvement for Mun Leong to improve the companys ... View full answer
Get step-by-step solutions from verified subject matter experts
