Question: Using both the balance sheet (Table 4-4) and the income statement (Table 4-7) for the MLC, answer the following: a. Calculate the following ratios for

Using both the (Table 4-4) and the income statement (Table 4-7) for the MLC, answer the following:
a. Calculate the following ratios for 2013: inventory turnover, fixed asset turnover, and total asset turnover.
b. In a written explanation, describe what each of these ratios means.
c. In a brief paragraph, describe how well you believe the MLC is managing its assets.

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