Great Lakes is an internationally operating apparel manufacturer, specialized in the woven garment sector that offer expertise in the production of outerwear and bottoms, washing, dyeing, woven/knit hybrid garments, down and wellon filling and denim.Attached the Financial ratios of Great lakes in 2016 to 2019.Based on the Financial ratios attached, please analyse the Great Lakes Financial Report. FINANCIAL RA TIO CALCULATION2019201820172016Working CapitalTurnover921.1138.7153.6363.03A10Inventory Turnover12.8011.8115.8415.56CRTAI T11Assets Turnover2.502.231.982.20VITS12Receivable Turnover14.3013.2717.2416.94YAverage CollectionPeriod1325.5327.5121.1721.5514Net Profit Margin2.19%2.09%2.06%2.07%15Gross Profit Margin10.44%11.02%8.13%8.10%16Operating Margin2.86%2.77%2.85%2.70%17Return on Assets (ROA)5.49%4.66%4.10%4.56%18Return on Equity (ROE)11.60%15.43%9.56%10.19%Basic Earning Power190.070.060.060.06RatioRAT- OSPROF -TABI L -TY FINANCIAL RATIO CALCULATION20192018201720161Current Ratio152.02%120.00%111.15%91.51%LCash Ratio18.56%5.66%62.53%47.24%3Quick Ratio53.73%48.09%71.27%56.37%Net Working Capital411.86%5.75%3.70%-3.49%Ratio5Debt Ratio52.69%69.80%57.16%55.24%SORLA6Debt to Equity Ratio63.17%135.89%55.96%31.71%VTE INO7Equity Ratio47.31%30.20%42.84%44.76%CsYInterest Coverage Ratio211.96%66.61%230.68%402.79%RAT- O 0

It is the method used to get the information of the company for various years on the areas such as…

Answered: Great Lakes is an internationally…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Great Lakes is an internationally operating apparel manufacturer, specialized in the woven garment sector that offer expertise in the production of outerwear and bottoms, washing, dyeing, woven/knit hybrid garments, down and wellon filling and denim.

Attached the Financial ratios of Great lakes in 2016 to 2019.

Based on the Financial ratios attached, please analyse the Great Lakes Financial Report.

FINANCIAL RA TIO CALCULATION
2019
2018
2017
2016
Working Capital
Turnover
9
21.11
38.71
53.63
63.03
A
10
Inventory Turnover
12.80
11.81
15.84
15.56
CR
TA
I T
11
Assets Turnover
2.50
2.23
1.98
2.20
VI
TS
12
Receivable Turnover
14.30
13.27
17.24
16.94
Y
Average Collection
Period
13
25.53
27.51
21.17
21.55
14
Net Profit Margin
2.19%
2.09%
2.06%
2.07%
15
Gross Profit Margin
10.44%
11.02%
8.13%
8.10%
16
Operating Margin
2.86%
2.77%
2.85%
2.70%
17
Return on Assets (ROA)
5.49%
4.66%
4.10%
4.56%
18
Return on Equity (ROE)
11.60%
15.43%
9.56%
10.19%
Basic Earning Power
19
0.07
0.06
0.06
0.06
Ratio
RAT- OS
PROF -TABI L -TY

FINANCIAL RATIO CALCULATION
2019
2018
2017
2016
1
Current Ratio
152.02%
120.00%
111.15%
91.51%
L
Cash Ratio
18.56%
5.66%
62.53%
47.24%
3
Quick Ratio
53.73%
48.09%
71.27%
56.37%
Net Working Capital
4
11.86%
5.75%
3.70%
-3.49%
Ratio
5
Debt Ratio
52.69%
69.80%
57.16%
55.24%
S
OR
LA
6
Debt to Equity Ratio
63.17%
135.89%
55.96%
31.71%
VT
E I
NO
7
Equity Ratio
47.31%
30.20%
42.84%
44.76%
Cs
Y
Interest Coverage Ratio
211.96%
66.61%
230.68%
402.79%
RAT- O 0

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