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The following financial ratios have been calculated for Nova Ltd for the year ended 30 June 2008: Actual Budgeted Previous year Industry average results results

The following financial ratios have been calculated for Nova Ltd for the year ended 30 June 2008:
Actual Budgeted Previous year Industry average results results Current ratio 1.97 1.92 1.87 1.92 Quick asset ratio 1.06 1.06 1.06 1.11 Inventory turnover 4.21 4.91 4.86 4.76 Net profit ratio 0.05 0.03 0.03 0.03 Gross margin 0.65 0.59 0.61 0.61

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