Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following financial ratios have been calculated from the financial statements of Spakfillers Ltd. 2012 2013 2014 13% 3596 | 4096 12% 0.9 24% 4290

image text in transcribed

The following financial ratios have been calculated from the financial statements of Spakfillers Ltd. 2012 2013 2014 13% 3596 | 4096 12% 0.9 24% 4290 9% 1.5 1990 Return on Equi Gross Profit margin Net Profit margin Asset Turnover (times Return on Assets Days Inventor Days Debtors Current Ratio 10% 1.25 1196 | 12.5% | 13.5% 90 days 85 days 80 days 40 days 45 days 50 days 1.1 0.7 uick Ratio Debt (to assets) Ratio Debt to equity Ratio Interest coverage ratio (Times Interest Earned) 2.8 times 1.20 0.9 3096 | 4090 43% 0.95 0.5 45% 82% 4.0 67% 3.5 Required By identifying and using the appropriate ratio calculations above, comment on the company's profitability, efficiency, liquidity and financial stability (short and long term) for the three year period 2012-2014

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing Explained A Practical Guide For Managers

Authors: John Dunn

1st Edition

0749405619, 978-0749405618

More Books

Students also viewed these Accounting questions

Question

I receive useful feedback about my performance.

Answered: 1 week ago

Question

I am encouraged to offer opinions/suggestions.

Answered: 1 week ago