Question
The Cherry Corporation, a merchandising business, has been in business for several years. Following are selected data for the Cherry Corporation: Additional Information: Total stockholders'
The Cherry Corporation, a merchandising business, has been in business for several years. Following are selected data for the Cherry Corporation:
Additional Information: Total stockholders' equity at 12/31 20x3 was $144.
Required:
(a) Compute the following ratios for both 20x5 and 20x4:
Current ratio
Debt Ratio
Net Profit Margin Ratio
Gross Profit Ratio
Return on Equity
Dividend Yield Ratio
(b) Enter the ratios calculated in parts (a) above in the table on the Excel Template and comment on the company's overall performance and trends from 20x4 to 20x5.
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