P3-27 (similar to) A Question Help Complete ratio analysis, recognizing significant differences Home Health, Inc., has come to Jane Ross for a yearly financial checkup. As a first step, Jane has prepared a complete set of ratios for fiscal years 2018 and 2019. She will use them to look for significant changes in the company's situation from one year to the next a. To focus on the degree of change, calculate the year-to-year proportional change by subtracting the year 2018 ratio from the year 2019 ratio, then dividing the difference by the year 2018 ratio. Multiply the result by 100. Preserve the positive or negative sign. The result is the percentage change in the ratio from 2018 to 2019 Calculate the proportional change for the ratios shown here. b. For any ratio that shows a year-to-year difference of 10% or more, state whether the difference is in the company's favor or not. c. For the most significant changes (25% or more), look at the other ratios and cite at least one other change that may have contributed to the change in the ratio that you are discussing. a. To focus on the degree of change, calculate the year-to-year proportional change for the ratios shown here. Press Continue to see more. ? 26 parts Continue remaining P3-27 (similar to) s Question Help ckup. As a first step, Jane has y's situation from one year to the i Data Table Complete ratio analysis, recogn prepared a complete set of ratios next. a. To focus on the degree of chan difference by the year 2018 ratio. Calculate the proportional change b. For any ratio that shows a year c. For the most significant change you are discussing. 019 ratio, then dividing the le in the ratio from 2018 to 2019. (Click the icon here 2 in order to copy the contents of the data table below into a spreadsheet.) d to the change in the ratio that 2019 a. To focus on the degree of chan 3.28 Home Health, Inc. Financial Ratios Ratio 2018 Current ratio Quick ratio 2.47 Inventory turnover 12.73 Average collection period 41.9 days Total asset turnover 1.43 Debt ratio 0.48 Times interest earned ratio 3.99 Gross profit margin 69% Operating profit margin 16% Net profit margin 8.2% Return on total assets 11.8% Return on common equity 20.9% Pricelearnings ratio 10.4 Market/book ratio 1.36 3.03 2.19 10.32 32.3 days 2.01 0.66 3.83 66% 18% 8.0% 16.3% 42.2% 9.5 1.23 Press Continue to see more. Print Done ? 26 parts Continue remaining