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Based on the information above, answer the following questions. a) Calculate the current ratio as at August 31, 2023. Current ratio = Current Assets/Current Liabilities
Based on the information above, answer the following questions. a) Calculate the current ratio as at August 31, 2023. Current ratio = Current Assets/Current Liabilities 5223255/238504.40 = 2,19 b) Does Goulet Inc. have a good or bad current ratio? Explain why or why not. c) Calculate the inventory days on hand ratio as at August 31, 2023. (Since this is for the month, do not multiply by 365 in the formula. Instead multiply by 31 days.) Inventory days on hand = d) Last month, the inventory days on hand ratio was 7 days. Has the ratio improved? Why or why not? e) Calculate the debt to equity ratio as at August 31, 2023. f) Calculate the gross profit margin as at August 31, 2023. g) Last month, the gross profit margin percentage was 63%. What could have caused this decrease in gross margin percentage? Page 1
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