For each ratio listed, identify whether the change in ratio value from the Prior Year te favorable or unfavorable. Ratio Current Year Prior Year Change 1. Profit margin 9% 7% 54 % 2. Debt ratio 55 % 3. Gross margin 36 % 45 % 4. Acid-test ratio 1.20 1.23 5. Accounts receivable turnover 5.0 6.3 6. Basic earnings per share 1.20 $ 1.08 7. Inventory turnover 8. Dividend yield 5.0 4.9 4.0 % 3.8 % %24
For each ratio listed, identify whether the change in ratio value from the Prior Year te favorable or unfavorable. Ratio Current Year Prior Year Change 1. Profit margin 9% 7% 54 % 2. Debt ratio 55 % 3. Gross margin 36 % 45 % 4. Acid-test ratio 1.20 1.23 5. Accounts receivable turnover 5.0 6.3 6. Basic earnings per share 1.20 $ 1.08 7. Inventory turnover 8. Dividend yield 5.0 4.9 4.0 % 3.8 % %24
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 56P: The following selected information is taken from the financial statements of Arnn Company for its...
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