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Presented below are liquidity and solvency ratios for Carmelo Industries, along with industry averages: Ratio Return on Assets Current ratio Profit Margin Debt to
Presented below are liquidity and solvency ratios for Carmelo Industries, along with industry averages: Ratio Return on Assets Current ratio Profit Margin Debt to total assets Inventory turnover Receivables turnover Times interest earned 2019 2018 Industry Average 8.0% 7.0% 9.0% 0.7:1 0.8:1 14:1 4.8% 4.2% 5.0% 55% 48% 35% 7.0 11.0 15.2 6.2 8.1 10.4 2.0 4.8 8.5 REQUIRED: Analyze the company's liquidity, solvency, and profitability using the information presented. Present a conclusion on the liquidity, solvency and profitability identifying the ratios use for each to supported by your analysis
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Financial Statement Analysis
Authors: K. R. Subramanyam, John Wild
11th edition
78110963, 978-0078110962
