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You are provided this information about a retail store called ...

juncmodule

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7 years ago

You are provided this information about a retail store called ...

You are provided this information about a retail store called "BoardSports:"

   BoardSports   Industry Mean
   Current Ratio   1.5 : 1   2: 1
   Quick ratio   .75 : 1   1 : 1
   Debt ratio   0.87 : 1   0.75 : 1
   Average collection ratio   46 days   33 days
   Net profit on sales ratio   5.5%   8.2%
   Net profit to equity ratio   7.7%   13.2%

What can you reasonably assess about the current financial status of this company?
A) The company is in excellent financial condition with no changes required.
B) The company is in respectable financial condition with no changes required.
C) The company is in questionable financial condition with minor changes required.
D) The company is in poor financial condition with significant changes required.

Textbook

Essentials of Entrepreneurship and Small Business Management

Edition: 6^th

Author: Scarborough

Read 135 times

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Essentials of Entrepreneurship and Small Business Management 6th Edition by Scarborough

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juncmodule Author

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7 years ago

Brilliant ツ

mikey3091

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Yesterday

Thanks

sudenzia

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2 hours ago

Good timing, thanks!

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