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The following represents the calculated ratios of ABC Corporation for the year 2014 compared with the Industry Average. Ratio name Current ratio Acid-test Payables
The following represents the calculated ratios of ABC Corporation for the year 2014 compared with the Industry Average. Ratio name Current ratio Acid-test Payables turnover In days Total assets turnover Debt ratio Gross profit margin Net profit margin ABC 2014 1.3 0.72 41 1.75 0.42 0.25 0.09 Required: analyze ABC's financial performance. Industry average 1.65 0.87 42 2.6 0.26 0.36 0.14
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ANS WER ABC Corporation s financial performance is mixed when compared to the industry average The c...
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
