PROFITABILITY RATIOS. Use the Dayton Hudson financial statements in Exercise 15-25 and the following data to respond
Question:
PROFITABILITY RATIOS. Use the Dayton Hudson financial statements in Exercise 15-25 and the following data to respond to the requirements below.
REQUIRED:
1. Compute the five debt-management ratios for the years ended January 29, 1994, and January 30, 1993.
2. Have the ratios changed? Do the ratios suggest whether Dayton Hudson is more or less profitable for the year ended January 29, 1994 than for the year ended January 30, 1993.
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