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Explain the advantages and disadvantages of the ratio analysis you have completed Ratio name Industry Averages NeoZone Ratio Current ratio 2:1 131.91:1 Quick ratio 1.38:1

Explain the advantages and disadvantages of the ratio analysis you have completed

Ratio name

Industry Averages

NeoZone Ratio

Current ratio

2:1

131.91:1

Quick ratio

1.38:1

104.4:1

Inventory turnover rate

5 times

2.457

Average days inventory is held

61 days

148.78

Gross profit rate

34%

62%

Net profit rate

12%

46%

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