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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Financial Accounting A Focus On Interpretation And Analysis
Authors: Richard F Kochanek, A Douglas Hillman
7th Edition
1111061750, 9781111061753
