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Below are financial ratios for XYZ Corporation and comparative ratios for XYZ Corporations industry. The ratios for XYZ Corporation are computed using information from its

Below are financial ratios for XYZ Corporation and comparative ratios for XYZ Corporations industry. The ratios for XYZ Corporation are computed using information from its financial statements. XYZ Corporation Industry Average Current ratio 3.45 3.10 Return on assets 31.4% 30.0% Gross profit margin 36.0% 34.3% Net profit margin 8.2% 8.0% Fixed asset turnover 15.30 15.55 __________________________________________________________ Required: Interpret the ratios of XYZ Corporation and draw conclusions about the company's financial performance and financial condition with full knowledge of the industry ratios

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