Question
Financial ratio data is listed below for Gallery of Dreams. Analyzing these ratios (15marks) and comment on overall efficiency of the company (5 marks). Gallery
Financial ratio data is listed below for Gallery of Dreams. Analyzing these ratios (15marks) and comment on overall efficiency of the company (5 marks).
| Gallery of Dreams | ||||
| Ratios | ||||
| Ratio | Industry | 2018 | 2017 | 2016 |
| Current | 2.5 | 4.48 | 4.06 | 2.48 |
| Inventory turnover | 2.3 | 1.19 | 1.24 | 1.37 |
| Return on Equity | 11.34% | 24.14% | 27.51% | 29.88% |
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Cost Accounting
Authors: Edward B. Deakin, Michael Maher
3rd Edition
0256069190, 978-0256069198
