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Listed here, are the 2015 and 2016 balance sheets.. and income statements. . for Otago Bay Marine Motors, a major manufacturer of top-of-the-line outboard
Listed here, are the 2015 and 2016 balance sheets.. and income statements. . for Otago Bay Marine Motors, a major manufacturer of top-of-the-line outboard motors.. a. On the basis of the information provided, calculate the following financial ratios for 2015 and 2016: b. Considering the financial ratios you computed, along with the industry averages, how would you characterize the financial condition of Otago Bay Marine Motors? Explain. 2016 2015 Current ratio 2.20 7.38 (Round to two decimal places.) Total asset turnover Otago Bay Marine Motors 2016 2015
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