Question
Financial Ratios NMC Values Industry Values Current Ratio 2.33 2.5 times Quick (Acid) Ratio 1.33 1.0 times Total Debt to Total Assets .4 or 40%
Financial Ratios | NMC Values | Industry Values |
Current Ratio | 2.33 | 2.5 times |
Quick (Acid) Ratio | 1.33 | 1.0 times |
Total Debt to Total Assets | .4 or 40% | 40% |
Return on Assets (ROA) | 13.3 | 9% |
Price/Earnings Ratio | 11.83 | 12.5 times |
Compare your results to the industry ratios and describe what NMC should do to improve its position in the market.
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Accounting Principles Volume 2
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
8th Canadian Edition
1119502551, 1-119-50255-5, 978-1119502555
