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I need the answer but also an explanation and breakdown of the price Question 9 Ashu Electronic Berhad, operate electronic stores throughout the Malaysia, most
I need the answer but also an explanation and breakdown of the price
Question 9
- Ashu Electronic Berhad, operate electronic stores throughout the Malaysia, most recent key financial ratios and its major competitors data are given in the following table.
Ashu Electronics | Tong Electronics | |
Current ratio | 1.14 | 1.25 |
Inventory turnover | 24.0 | 23.0 |
Times interest earned | 3.48 | 20.0 |
Total assets turnover | 2.00 | 2.02 |
Operating profit margin | 8.85% | 18.6% |
Debt ratio | 0.56 | 0.34 |
Average collection period | 55 days | 33 days |
Return on equity | 18% | 26% |
Analyse the performance of Ashu Electronic and comment the weakness in the performance of Ashu Electronic as compared to Tong Electronic that management of Ashu Electronic management might need to improve its operations.
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