Question: you are provided this information about a retail store called Board Sports. Board Sports Industry Mean Current ratio 1.5 : 1 2 : 1 Quick

you are provided this information about a retail store called "Board Sports".

Board Sports Industry Mean

Current ratio 1.5 : 1 2 : 1

Quick ration .75 : 1 1 : 1

Debt ratio 0.87 :1 0.75 : 1

Average collection ratio 46 days 33 days

Net profit on sales ratio 5.5% 8.2%

Net profit to equity ratio 7.7% 13.2%

What can you reasonably assess about the current financial status of this company? Explain your answer.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Law Questions!

Q:

Let's compare your eye to the CPC1100 telescope in 311. It has a 280mm diameter mirror with a 75 round obstruction in the center. Your eye on a dark night is 8mm in diameter. How much more light can...

Q:

You are provided this information about a retail store called "Board Sports" Board Sports Industry Mean Current ratio 1.5 : 1 2 : 1 Quick ratio .75 : 1 1 : 1 Debt ratio 0.87 : 1 0.75 : 1 Average...

Q:

You are provided this information about a retail store called "BoardSports:" its ( Unizin nents ions BoardSports Industry Mean Current Ratio 1 . 5 : 1 2 : 1 Quick Ratio 7 5 : 1 1 : 1 Debt Ratio 0 . 8...

Q:

Merchandising FM442 QUESTION 1 Opoinf Use only the information provided in the ease study to answer the following questions- this is a ctitious company and there is no need to use Internet research...

Q:

**Complete the attached Corporate Analyzer by copy (ctrl C ) and paste (ctrl v) the chart into the answer box then fill in Financial Measure (see attachment) Company's Performance; Period: 2019...

Q:

Please kindly help me with the solution to this problem Thanks This case includes this document and an Excel document with the On the Go exhibits, which is included in this week's folder REQUIRED...

Q:

Hello This is regarding BUS5440. I need help with the following discussion questions and I need the answer in next 2 hrs as I have a deadline today, *********************************** Share your...

Q:

Home Depot, Inc. ANALYSIS OF THE FINANCIAL STATEMENTS OF A PUBLICLY OWNED CORPORATION This Comprehensive Problem is to acquaint you with the content of the 2018 financial statements of Home Depot,...

Q:

COMPLETE AND ACCURATE RESPONSES WILL BE THUMBED UP PROMPTLY, THANK YOU! REFERENCE THE MATERIAL BELOW FOR YOUR ANSWER: Part 1 Annual reports include not only comparative financial statements but also...

Q:

What is the working capital, current ratio, and quick ratio of Intuit? Please use the attached annual report. Frequently, management will comment on liquidity in the MD&A (management's discussion and...

Q:

The Financial statements for Nike, Inc. are presented in Appendix C at the end of the text. The following additional information (in thousands) is available. I NEED HELP WITH LETTERS E - M 17...

Q:

A heat engine operating between 227C and 27C absorbs 2 kcal of heat from the 227'C reservoir reversibly per eycle. The amount of work done in one cycle is ? A 0.4 kcal 0.8 kcal 4 kcal D 8 kcal

Q:

Calculate the amount for each of the following (one unit = one test) if the number of tests is 2,000 per month. Also calculate number of tests decreases to 1,250 per month. (Do not round intermediate...

Q:

Evaluate the following integral. - 3 3 ( x - 5 ) 3 d x Find the indefinite integral. ( x - 5 ) 3 d x = Find the definite integral. - 3 3 ( x - 5 ) 3 d x = ( T y p e a n exact answer. )

Q:

1. Best Bank has the following balance sheet. Assume that the required reserve ratio is 10%. Assets Reserves 31,000 Securities 120,000 Loans 340,000 (i) (ii) (iii) (iv) Liabilities Deposits Borrowing...

Q:

Program a simulation of the banker's algorithm. Your program should cycle through each of the bank clients asking for a request and evaluation whether it is safe or unsafe. Output a log of request...

Q:

One problem trial lawyers face is how to convince the jury that the defendant's damages really are $x. How do you value the loss of a job, or your reputation, or your life? Are old people worth less...

Q:

How will you spend your average life expectancy of 78 years? The bar graph shows the average number of years you will devote to each of your most time-consuming activities. Exercise are based on the...

Q:

This year, Carol, a single taxpayer, purchased a vacation home for $400,000 using an equity debt of $350,000 on her principal residence. Carol has no other debt on her principal residence. Carol paid...

Q:

Which of the following is NOT true about socialism? Socialism involves an economic ideology in which the government or state plays a strong role in the economy and may own stakes in certain...

Q:

Always have the dignity of the other or others as a backdrop.

Q:

1. There are two purposes in this chapter. The first is to break out of habits that have a limiting effect on ones own ability to change. Secondly, it is to understand how the cleaning affects the...