Question
To calculate averages on the balance sheet, use the following formula: (Beginning balance + Ending balance)/2 Use only two decimal points and do not round
To calculate averages on the balance sheet, use the following formula: (Beginning balance + Ending balance)/2
Use only two decimal points and do not round any numbers
1) Calculate Profitability and effectiveness ratios for 2014 and 2013
2 ) Compare these ratios between 2014 and 2013. Analyze any increases or decreases. Are the companys profitability and effectiveness better in 2014 or in 2013? What can be done in the future to improve profitability and effectiveness?
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Cima Official Exam Practice Kit Financial Accounting And Tax Principles 2008 Edition
Authors: Mike Rogers, John Dunn
4th Edition
0750686901, 978-0750686907
