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Benchmark the financial ratios of LMN Corporation against industry averages using the following data: Ratio LMN Corporation Industry Average Current Ratio 2.5 2.0 Debt-to-Equity Ratio
- Benchmark the financial ratios of LMN Corporation against industry averages using the following data:
| Ratio | LMN Corporation | Industry Average |
|---|---|---|
| Current Ratio | 2.5 | 2.0 |
| Debt-to-Equity Ratio | 0.6 | 0.8 |
| Return on Assets | 12% | 10% |
Requirements:
- Calculate the financial ratios for LMN Corporation.
- Compare the ratios to industry averages.
- Present the analysis in a detailed table format.
- Discuss the company's performance relative to industry standards.
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Accounting Volume 1
Authors: Charles T. Horngren, Walter T. Harrison, Jo Ann L. Johnston, Carol A. Meissner, Peter R. Norwood
9th Canadian edition
978-013309863, 9780133128338, 013309863X, 133128334, 978-0132690096
