Question
Assess Al Ghurair Group's financial performance using the following ratios for 2023: Current Ratio: 1.6 Quick Ratio: 1.1 Debt-to-Equity Ratio: 0.7 Return on Assets (ROA):
Assess Al Ghurair Group's financial performance using the following ratios for 2023:
- Current Ratio: 1.6
- Quick Ratio: 1.1
- Debt-to-Equity Ratio: 0.7
- Return on Assets (ROA): 7%
- Return on Equity (ROE): 10%
Provide insights into the company's liquidity, solvency, and profitability based on these ratios.
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
12th edition
1285850033, 978-1305480698, 1305480694, 978-0357688236, 978-1285850030
