a. Compute the following ratios for both 2015 and 2016. INDUSTRY NORMS Current ratio 1.5 Inventory turnover
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Question:
a. Compute the following ratios for both 2015 and 2016.
INDUSTRY NORMS
Current ratio
1.5
Inventory turnover
3
Total asset turnover
1
Operating profit margin
18%
Operating income return on investment
18%
Debt ratio
60%
Average collection period
100 days
Fixed asset turnover
1.5
Return on equity
15%
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