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The following sets of ratios are industry averages. Ratios Inventory turnover ratio Debt ratio Current ratio Total assets turnover Receivables turnover Industry 1 30x
The following sets of ratios are industry averages. Ratios Inventory turnover ratio Debt ratio Current ratio Total assets turnover Receivables turnover Industry 1 30x 20% 1.5 7x 9x Industry 2 3x 31% 1.6 2x 1.3x Industries Consultancy firms Heavy industry Petrol service stations Industry 3 15% 1.8 4x 1x Required: Given the following three industries, match each industry with their set of corresponding ratios. Defend your answer.
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Based on the provided sets of ratios we can match each industry with their corresponding set of ratios as follows Industry 1 Consultancy firms Invento...
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Financial Management Theory And Practice
Authors: Eugene Brigham, Michael Ehrhardt, Jerome Gessaroli, Richard Nason
3rd Canadian Edition
017658305X, 978-0176583057
