Answered step by step
Verified Expert Solution
Question
1 Approved Answer
How was the company's financial performance for the year 2022? What comcrete steps they practice to improve their performance? a. Calculate the following ratios for
How was the company's financial performance for the year 2022? What comcrete steps they practice to improve their performance?
a. Calculate the following ratios for the company for the years 2021 and 2022 . \begin{tabular}{|l|l|l|c|} \hline \multicolumn{1}{|c|}{ Ratio } & \multirow{2}{*}{ Industry } & \multicolumn{2}{|c|}{ Mt. of Olives Diagnostics, Inc. } \\ \cline { 3 - 4 } & & 2021 & 2022 \\ \hline Current Ratio & 2.00x & & \\ \hline Inventory Turnover & 3.60x & & \\ \hline DSO (365 days) & 32.5 days & & \\ \hline Fixed Assets Turnover & 1.25 & & \\ \hline Debt Ratio & 62.5% & & \\ \hline Debt-to-Equity Ratio & 1.67 & & \\ \hline Net Profit Margin on Sales & 28.75% & & \\ \hline Return on Assets & 19.75% & & \\ \hline Return on Equity & 36.88% & & \\ \hline \end{tabular} Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started