Compare the results of two years of ratios for Limited Inc.:

Required

1. Identify whether the change from 2013 to 2014 was good (+) or bad (−).

2. Assess whether the performance in 2014 is good (+) or bad (−) compared to the industry average presented in the benchmark column.

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Change Performance Ratio Current ratio Acid-test ratio Inventory turnover Accounts-receivable turnover Debt ratio Times-interest-earned ratio Rate of return on total assets Rate of return on common 2014 2013 or-Benchmark or- 1.5 0.83 0.85 0.95 10 13 0.7 7 12 14 0.3 0.2 6 0.06 0.04 0.05 shareholders' equity .24 0.23 0.14