The following information was contained in the annual financial statements of Pine Company, which started business January 1, 2010 (assume account balances only in cash and share capital on this date; all amounts are in thousands of dollars).

2. Evaluate the results of the related ratios \

(a, b\), and \(c\) to identify the favourable or unfavourable factors. Give your recommendations to improve the company's operations.
3. Evaluate the results of the last four ratios \(

(d,

e, f\), and \(g\) ) and identify any favourable or unfavourable factors. Give your recommendations to improve the company's operations.

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2010 2011 2012 2013 Trade receivables (net; terms n/30) $11 $12 $18 $ 24 Merchandise inventory 12 14 20 30 Net sales (three-fourths or credit) 44 66 80 100 Cost of sales 28 40 55 62 Profit (loss) (8) 5 12 11 Required (show computations and round to two decimal places): 1. Complete the following tabulation: Items a. Profit margin-percentage b. Gross profit percentage c. Expenses as percentage of sales, excluding cost of sales d. Inventory turnover e. Days' supply in inventory f. Receivables turnover g. Average collection period 2010 2011 2012 2013