Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Listed below are the industry standards of the ratios for Wynn Memorial's peer group. Current ratio 1 . 9 8 Acid test ratio 0 .

Listed below are the industry standards of the ratios for Wynn Memorial's peer group.
Current ratio1.98Acid test ratio0.20Days in accts receivable67.19Average payment period56.13Total asset turnover1.02Fixed asset turnover2.20Operating margin0.02Return on total assets0.04Long-term debt to net assets0.62Net assets to total assets0.53
Comment on Wynn Memorial's capital structure. Cite at least one meaningful ratio to support your observations. Listed below are the industry standards of the ratios for Wynn Memorial's peer group.
\begin{tabular}{|l|l|}
\hline Current ratio & 1.98\\
\hline Acid test ratio & 0.20\\
\hline Days in accts receivable & 67.19\\
\hline Average payment period & 56.13\\
\hline Total asset turnover & 1.02\\
\hline Fixed asset turnover & 2.20\\
\hline Operating margin & 0.02\\
\hline Return on total assets & 0.04\\
\hline Long-term debt to net assets & 0.62\\
\hline Net assets to total assets & 0.53\\
\hline
\end{tabular}
Comment on Wynn Memorial's capital structure. Cite at least one meaningful ratio to support your observations.
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals of Financial Management

Authors: Eugene F. Brigham, Joel F. Houston

Concise 6th Edition

324664559, 978-0324664553

More Books

Students also viewed these Finance questions