200820072006Current Ratio0.380.360.44Debt Ratio0.830.850.86Debt/Equity Ratio4.95.754.94Times Interest Earned2.712.692.41Asset Turnover1.291.331.37Profit Margin0.0260.0280.0072Return on Assets0.0340.030.0099Assets/Equity Ratio5.916.755.72Return on Equity 0.00530.00750.00041What are the strengths and weaknesses of this company financial performance

financial position is considered to be important in order to make investment decisions. there are…

Answered: Earned 2.71 2.69 2.41 Asset…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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	2008	2007	2006
Current Ratio	0.38	0.36	0.44
Debt Ratio	0.83	0.85	0.86
Debt/Equity Ratio	4.9	5.75	4.94
Times Interest Earned	2.71	2.69	2.41
Asset Turnover	1.29	1.33	1.37
Profit Margin	0.026	0.028	0.0072
Return on Assets	0.034	0.03	0.0099
Assets/Equity Ratio	5.91	6.75	5.72
Return on Equity	0.0053	0.0075	0.00041

What are the strengths and weaknesses of this company financial performance

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