Answered step by step
Verified Expert Solution
Question
1 Approved Answer
ABC Inc. 10 ratios 2020 2019 2018 2017 Current ratio 1.22 1.06 2.24 1.83 Current Cash Debt coverage 0.367 0.273 0.323 0.322 Inventory turnover 2.61
ABC Inc. 10 ratios 2020 2019 2018 2017 Current ratio 1.22 1.06 2.24 1.83 Current Cash Debt coverage 0.367 0.273 0.323 0.322 Inventory turnover 2.61 2.33 2.39 2.52 Gross Profit ratio 0.295 0.292 0.304 0.308 Profit Margin 0.041 0.039 0.039 0.041 Asset Turnover 0.624 0.700 0.683 0.677 Free Cash Flow 968.7M 341.5M 374.5M 457.5M Debt to Asset ratio 0.67 0.699 0.525 0.623 Cash Debt coverage 0.106 0.079 0.087 0.068 Times Interest earned 9.87 8.02 2.97 5.37 Look at the performance and financial position, based on ten ratios, and comment on liquidity, profitability and solvency accordingly (around 350 words)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started