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3a) Fantastic Floss Revenue for the past 5 years is listed below: Year Revenue Trend 20X120x2 20x3 20X4 20x5 $ 49,300 $ 65,200 $110,000 $125,600
3a) Fantastic Floss Revenue for the past 5 years is listed below: Year Revenue Trend 20X120x2 20x3 20X4 20x5 $ 49,300 $ 65,200 $110,000 $125,600 $ 120,000 Calculate the trend for Revenue. 3b) Calculate the following ratios for Fantastic Floss, Inc for the current year. Compare each ratio to the floss industry standard, and explain what the ratio in indicating. a) Gross Margin Ratio Industry standard = 60% b) Working Capital Industry standard = $40,000 c) Current Ratio Industry standard = d) Inventory Turnover - Calculate the number of days in Inventory Industry Standard = 120 Days
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