There are a variety of tools available to assist business owners to better understand the performance and
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There are a variety of tools available to assist business owners to better understand the performance and position of their business. One such tool is provided by ANZ that allows a financial ratio comparison of an entity with that of the industry. Access this tool at http://www.anz.com/smallbusiness/ tools-forms-guides/benchmark/. Assume that you own a retail business with a turnover of $350 000 in the personal and household goods industry. Identify the industry averages for profitability, liquidity and asset efficiency ratios.
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The industry averages for profitability 15 liquidity 20 and asset efficiency 15 This ...View the full answer
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