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Consider the following financial data for Fleishmann Industries: Balance Sheet as of December 3 1 , 2 0 2 3 Cash $ 5 3 ,
Consider the following financial data for Fleishmann Industries:
Balance Sheet as of December
Cash
$
Accounts payable $
Accts. receivable
Shortterm bank note
Inventories
Accrued wages & taxes
Total current assets
$
Total current liabilities $
Longterm debt
Net plant & equip.
Common equity
Total assets
$
Total liab. & equity $
Profit & Loss Statement for
Industry Average Ratios
Sales
$
Current ratio
Cost of goods sold
Quick ratio
Gross profit
$
Days sales outstanding
days
Operating expenses
COGSInventory
EBIT
$
Total asset turnover
Interest expense
Net profit margin
Pretax income
$
Return on assets
Income taxes
Return on equity
Net profit
$
Debttocapital ratio
Compared to its peers, Fleishmann...
Group of answer choices
generates more profit per dollar of total assets.
is better able to meet its shortterm obligations.
has higher total expenses per dollar of sales.
converts its receivables to cash more quickly.
obtains less of its capital from debt financing.
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