Question
What other observational can be made comparing Global Technology's ratios to the following industry norms: acid test ratio: 1.0 Current ratio: 2.0 Accounts receivable turnover:
What other observational can be made comparing Global Technology's ratios to the following industry norms:
acid test ratio: 1.0
Current ratio: 2.0
Accounts receivable turnover: 12.0
Inventory turnover: 4.0
Gross profit ratio: 40%
Net income to sales: 7%
Rate earned on total assets: 12%
Rate earned on common stock equity: 20%
Debt to total assets: 0.35
Times interest earned: 8
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Financial Accounting
Authors: Robert Kemp, Jeffrey Waybright
4th edition
978-0134125053, 9780134114781, 134125053, 134114787, 978-0134436111
