The following ratios have been calculated as a result of analysing the end of year financial statements of Horizon Stores, a business owned by Robin Spencer. The profitability ratios are as follows.
Revenue figures for each of these years are as follows:
The liquidity ratios for this business are:
The efficiency ratios for this business are:
The typical efficiency ratios are as follows:
a. Comment on the trend in revenue and the business’s profitability during the three-year period.
b. Comment on the business’s liquidity during the three-year period.
c. Comment on the business’s efficiency ratios during the three-year period. For each ratio:
i. Describe the trend and state whether this is a strength or a weakness or represents a mixed position.
ii. Explain what the trend means for the business.
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