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please help I am stuck on this question Acme Industrials, Inc. is a conglomerate with interests in mining, heavy equipment and construction. Excerpted portions of
please help I am stuck on this question
Acme Industrials, Inc. is a conglomerate with interests in mining, heavy equipment and construction. Excerpted portions of three years of its financial statements are below. Income Statement (all numbers in thousands) 2018 2017 2016 Total Revenue 610000 880000 830000 Cost of Goods Sold 427000 616000 581000 Gross Profit 183000 264000 249000 Net Income -24400 52800 49800 Balance Sheet (all numbers in thousands) 2018 Net Receivables 1281000 Inventory 366000 Total Assets 3050000 2017 2323200 484000 4840000 2016 1987020 473100 4731000 Accounts Payable Total Liabilities 549000 2745000 1113200 4452800 936738 4257900 a. Use the information in the table above to compute supply chain metrics for Acme's most recent two years. Notes: 1. Computing "average" values requires two time periods of data, the beginning of a period, and the end of a period. Annual reports provide the end-of-year number for that year. To get the beginning-of-year data, use the prior year's end-of-year number. 2. Round ROA to 3 decimals. Round ITR to 2 decimals. 3. Enter all responses in decimal format, i.e., enter -0.12 or 0.12. 2017 Metric 2018 Return on assets (ROA) Inventory turnover ratio VITR) b. What direction should each metric move, from 2017 to 2018, to indicate improvement in supply chain ROI? ROA will (Click to select) ITR will (Click to select) c. Overall, Acme's metrics (Click to select) improved from 2017 to 2018Step by Step Solution
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