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10. GET A Company financial ratios for the year 2017 and 2018 are as follows: (30 marks Current ratio Acid test ratio ACP Inventory turnover

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10. GET A Company financial ratios for the year 2017 and 2018 are as follows: (30 marks Current ratio Acid test ratio ACP Inventory turnover Fixed asset turnover Total asset turnover Debt ratio Times interest earned Gross profit margin Operating profit margin Net profit margin Return on asset Return on equity 2017 2018 Industry average (20018) 2.24 2.32 2.30 0.40 0.29 0.30 40 days 40 days 35 days 3.8 3.5 3.6 11.3 12.2 12.5 2.0 1.8 2.1 68% 71% 68% 3.82 2.81 3.13 31.10% 30.30% 30.90% 3.90% 3.10% 3.20% 2.07% 4.15% 12.96% 1.55% 2.79% 9.62% 1.61% 3.38% 10.56% a) Do the trend analysis of GETA Company. Discuss the company's performance in terms of its liquidity, efficiency, profitability and leverage from year 2017 to 2018, b) Do the industrial analysis for GETA Company. Give recommendations to the management of the company of which areas needed to be improved in improving financial performance of the firm

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