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Financial ratio data is listed below for Gallery of Dreams. Analyzing these ratios (15marks) and comment on overall efficiency of the company (5 marks).
Financial ratio data is listed below for Gallery of Dreams. Analyzing these ratios (15marks) and comment on overall efficiency of the company (5 marks). Gallery of Dreams Ratios Ratio Industry 2018 2017 2016 Current 2.5 4.48 4.06 3.48 1.19 Inventory turnover Return on equity 2.3 1.24 1.37 11.34% 24.14% 27.51% 29.88%
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Current Ratio Current ratio falls under the category of liquidity ratio It measures the companys ability to payoff short term obligations Short term obligations typically refer to those which are due ...
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International Accounting
Authors: Frederick D. Choi, Gary K. Meek
7th Edition
978-0136111474, 0136111475
