Comment briefly but meaningfully on the following ratios (comparative figures are provided in brackets): 5.2 5.2.1 Gross margin (2021: 51.21%; 2020: 60.45%) 5.2.2 Current ratio (2021: 1.20:1; 2020: 1.07:1) 5.2.3 Retum on assets (2021: 25.56%; 2020: 30.42%)
Comment briefly but meaningfully on the following ratios (comparative figures are provided in brackets): 5.2 5.2.1 Gross margin (2021: 51.21%; 2020: 60.45%) 5.2.2 Current ratio (2021: 1.20:1; 2020: 1.07:1) 5.2.3 Retum on assets (2021: 25.56%; 2020: 30.42%)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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please help me
![5.2
Comment briefly but meaningfully on the following ratios (comparative figures are provided in
brackets):
5.2.1 Gross margin (2021: 51.21 %; 2020: 60.45% )
5.2.2 Current ratio (2021: 1.20:1; 2020: 1.07:1)
5.2.3 Retum on assets (2021: 25.56%; 2020: 30.42%)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff63054a3-7d6f-47be-bf34-daf458a9b680%2F8d860e0a-2e04-45da-8904-1b29fb5965e3%2F8gbeuge_processed.jpeg&w=3840&q=75)
Transcribed Image Text:5.2
Comment briefly but meaningfully on the following ratios (comparative figures are provided in
brackets):
5.2.1 Gross margin (2021: 51.21 %; 2020: 60.45% )
5.2.2 Current ratio (2021: 1.20:1; 2020: 1.07:1)
5.2.3 Retum on assets (2021: 25.56%; 2020: 30.42%)
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