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Financial Statement Analysis Using the financial statements for Jones Corporations and Smith Corporation (see below), calculate six ratios for both companies and then do two
Financial Statement Analysis Using the financial statements for Jones Corporations and Smith Corporation (see below), calculate six ratios for both companies and then do two types of analysis. Use the financial ratio information from the textbook and prepare the following ratios for each company: Current Ratio Gross Profit Margin Net Profit Margin Return on Equity Inventory Turnover Debt Note: Inventory Turnover can be calculated as Cost of Goods Sold/Average Inventory or Sales/Inventory. Use the COGS formula with the final inventory instead of average inventory. Return on Equity can be calculated as Net Income/Average Equity or Net Income/Stockholder
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