Question: Use the information provided In the table to compare the company's market value this year to its position last year. Identify the ratios used and

Use the information provided In the table to compare the company's market value this year to its position last year. Identify the ratios used and support your answers with Appropriate explanations

Ratio This Year Last Year Current ratio 1.05 times 1.14 times Inventory turnover 8.65 times 7.79 times Total debt ratio 0.60 times 0.55 times Times interest earned 7.53 times 6.34 times Return on equity (ROE) 11.67% 12.56% Price/earnings (P/E) ratio 8.54 times 10.87 times

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