Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Compare Anandam's financial ratios relative to industry ratios. What story do the ratios say about the company? fRatio Sector Anandam Manufacturing Co. Average Years 2015-2014

image text in transcribedimage text in transcribedimage text in transcribed

Compare Anandam's financial ratios relative to industry ratios. What story do the ratios say about the company?

image text in transcribedimage text in transcribedimage text in transcribed
\fRatio Sector Anandam Manufacturing Co. Average Years 2015-2014 2014-2013 2013-2012 Long-term debt to total 24% 2500/5280= 1236/2964= 736/996= debt 47% 41% 73% Debt-to-equity ratio 35% 5280/3876= 2964/2636= 996/1564= Financial 136.22% 112.44% 63% 40% 3200/8000= 1968/4800= 760/2000= Ratios Gross profit ratio 40% 24.6% 38% Net profit ratio 18% 840/8000= 672/4800= 364/2000= 10.50% 14% 18.20% Return on equity 22% 840/(2000+1 672/(1600+1 364/(1200+ 876)= 036)= 364)= 21.67% 25.49% 23.27% 10% 840/9156= Return on total assets 672/5600= 364/2560= 9.17% 12% 14.22%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting

Authors: Lew Edwards, John Medlin, Keryn Chalmers, Andreas Hellmann, Claire Beattie, Jodie Maxfield, John Hoggett

9th edition

1118608224, 1118608227, 730323994, 9780730323990, 730319172, 9780730319177, 978-1118608227

More Books

Students also viewed these Accounting questions

Question

8. How can an interpreter influence the message?

Answered: 1 week ago