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%)

FINANCIAL ACCOUNTING
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Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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%)
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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