Net Profit Margin 2016= 1.957 % 2017= 1.997 % Current Ratio 2016= 2.50:1 or 2.50 times 2017= 2.34:1 or 2.34 times Non-current/fixed Asset turnover 2016 = 97.357 2017= 45.97 1. Make brief comments upon the changes, between the two years, in the ratios calculated

Net Profit Margin 2016= 1.957 % 2017= 1.997 % Current Ratio 2016= 2.50:1 or 2.50 times 2017= 2.34:1 or 2.34 times Non-current/fixed Asset turnover 2016 = 97.357 2017= 45.97 1. Make brief comments upon the changes, between the two years, in the ratios calculated

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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Question

Net Profit Margin 2016= 1.957 % 2017= 1.997 %

Current Ratio 2016= 2.50:1 or 2.50 times 2017= 2.34:1 or 2.34 times

Non-current/fixed Asset turnover 2016 = 97.357 2017= 45.97

1. Make brief comments upon the changes, between the two years, in the ratios calculated

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