Liberty BUSI 320 Chapter 3 Reading Assignment Answers Complete Solutions
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Ratio analysis should not include trend analysis because recent ratios are the only relevant information.
An investor’s secondary consideration is liquidity and debt utilization ratios.
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The company has sales of $10,000,000, total assets of $2,400,000, stockholders’ equity of $2,000,000, and net income of $500,000. Calculate the company’s profit margin.
The company has sales of $10,000,000, total assets of $2,400,000, fixed assets of $1,000,000, inventory of $600,000, and accounts receivable of $500,000. The company’s total asset turnover is equal to _____ times.
