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Compute each of the following ratios for 2019 and 2020 and indicate whether each ratio was getting better or worse from 2019 to 2020 and
Compute each of the following ratios for 2019 and 2020 and indicate whether each ratio was getting "better" or "worse" from 2019 to 2020 and whether the 2020 ratio was "good" or "bad" compared to the Industry Avg (round all numbers to 2 digits past the decimal place) "Good" or "Bad" Getting compared Better or 2020 to Getting Industry Industry 2019 2020 Worse? Avg Avg Profit Margin 6.25 9.09 Better 0.08 Good Current Ratio 2.00 2.07 Better 1.80 Good Quick Ratio 1.15 1.14 Worse 1.12 Good Return on Assets 8.93 12.90 Better 0.18 Good Debt to Assets 54.00 55.00 Worse 0.60 Bad Receivables turnover 8.89 9.26 Better 12.00 Bad Avg. collection period* 40.5 38.86 Worse 22.10 Good Inventory Turnover** 2 1.85 Worse 8.25 Bad Return on Equity 19.23 28.57 Better 0.16 Good Times Interest Earned 4 5.40 Better 8.15 Bad
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