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Return on equity 14.2% 13.0% 12.0% #22, UCW Furniture Inc decided to change its strategy from selling high-end furniture to selling lower-cost items in order to be more competitive began importing low-cost furniture. In order to do this the company invested in new warehouse facilities and its total assets grew from million in 2022 to $4.5 million in 2023 and finally to $5 million in 2024. uired Briefly discuss what these financial ratios indicate about how UCW Furniture Inc was affected by its decision to change its strategy in 2022.

Return on equity 14.2% 13.0% 12.0% #22, UCW Furniture Inc decided to change its strategy from selling high-end furniture to selling lower-cost items in order to be more competitive began importing low-cost furniture. In order to do this the company invested in new warehouse facilities and its total assets grew from million in 2022 to $4.5 million in 2023 and finally to $5 million in 2024. uired Briefly discuss what these financial ratios indicate about how UCW Furniture Inc was affected by its decision to change its strategy in 2022.

FINANCIAL ACCOUNTING
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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File Paste C26 4 5 6 7 8 9 10 11 12 13 Clipboard Home Insert Page Layout 23 24 Cut Copy Format Painter 25 26 27 28 Readly H A Q 19 Z 1 X ✓ fix Current ratio Quick ratio Calibri BIU- Receivables turnover Inventory turnover Debt to equity ratio Return on assets Gross margin Profit margin Return on equity 2 AP12 10 AP12-14B Accessibility: Good to go. Type here to search A B C 1 AP12-14B (Analysis using selected ratios) 2 3 The UCW Furniture Inc. operates several stores selling pine furniture. Selected financial ratios are as follows: W S Formulas Data X 3 -11 ☆ 168- Fort E D + - A A A 2024 2.35 0.96 10.43 5.61 0.88 5.5% 8.7% 3.8% 14.2% C с $ 4410 4 Review View JL 23 R 19 F = === 14 15 16 In 2022, UCW Furniture Inc decided to change its strategy from selling high-end furniture to selling lower-cost items in order to be more competitive 17 and began importing low-cost furniture. In order to do this the company invested in new warehouse facilities and its total assets grew from 18 $2.5 million in 2022 to $4.5 million in 2023 and finally to $5 million in 2024. 19 20 Required 21 a) Briefly discuss what these financial ratios indicate about how UCW Furniture Inc was affected by its decision to change its strategy in 2022. 22 % = D 2023 2.30 0.91 V 5 9.61 5.37 0.77 6.0% 12.6% 4.2 % 13.0% Help T 2 G Alignment 40 ab Wrap Text 6 B Tell me what you want to do Merge & Center F 2022 2.25 0.88 8.69 5.07 0.58 9.8% 18.7% 6.9% 12.0% Y 4 & H TM F 7 F N Individual Assignment (1) - Excel U General 2 8 %; J Number Nov 144 1 M 00 G ( 9 G K 13 I S Conditional Format as Cell Formatting Table Styles Styles > O H O L P 1 (?) : { TE EX H E Insert Delete Format J Cells 1 K A aayushisingh54890 . 3°C Cloudy 1 Σ AutoSum - Fill ✓Clear L Edit M Activate 3 20
Transcribed Image Text:File Paste C26 4 5 6 7 8 9 10 11 12 13 Clipboard Home Insert Page Layout 23 24 Cut Copy Format Painter 25 26 27 28 Readly H A Q 19 Z 1 X ✓ fix Current ratio Quick ratio Calibri BIU- Receivables turnover Inventory turnover Debt to equity ratio Return on assets Gross margin Profit margin Return on equity 2 AP12 10 AP12-14B Accessibility: Good to go. Type here to search A B C 1 AP12-14B (Analysis using selected ratios) 2 3 The UCW Furniture Inc. operates several stores selling pine furniture. Selected financial ratios are as follows: W S Formulas Data X 3 -11 ☆ 168- Fort E D + - A A A 2024 2.35 0.96 10.43 5.61 0.88 5.5% 8.7% 3.8% 14.2% C с $ 4410 4 Review View JL 23 R 19 F = === 14 15 16 In 2022, UCW Furniture Inc decided to change its strategy from selling high-end furniture to selling lower-cost items in order to be more competitive 17 and began importing low-cost furniture. In order to do this the company invested in new warehouse facilities and its total assets grew from 18 $2.5 million in 2022 to $4.5 million in 2023 and finally to $5 million in 2024. 19 20 Required 21 a) Briefly discuss what these financial ratios indicate about how UCW Furniture Inc was affected by its decision to change its strategy in 2022. 22 % = D 2023 2.30 0.91 V 5 9.61 5.37 0.77 6.0% 12.6% 4.2 % 13.0% Help T 2 G Alignment 40 ab Wrap Text 6 B Tell me what you want to do Merge & Center F 2022 2.25 0.88 8.69 5.07 0.58 9.8% 18.7% 6.9% 12.0% Y 4 & H TM F 7 F N Individual Assignment (1) - Excel U General 2 8 %; J Number Nov 144 1 M 00 G ( 9 G K 13 I S Conditional Format as Cell Formatting Table Styles Styles > O H O L P 1 (?) : { TE EX H E Insert Delete Format J Cells 1 K A aayushisingh54890 . 3°C Cloudy 1 Σ AutoSum - Fill ✓Clear L Edit M Activate 3 20
→ File Paste C26 4A 37 38 39 40 41 42 43 44 45 46 47 48 52 53 54 H Cipboard 55 56 Home Insert Page Layout Cut Copy- Format Painter 57 58 59 60 61 62 63 64 Ready # A Q ▾ N G 1 X ✓ fx B Calibri 2 BIU. AP12-1B AP12-14B Accessibility: Good to go Type here to search alt W S b) Which measures have deteriorated during the subsequent periods? 49 50 51 c) Which ratios indicate positive action taken by UCW Furniture Inc during the subsequent periods? X Formulas Data Review View Help # 3 -11 84 - Font E D C - A A А. & C $ "10 4 G R F = % SE H D 5 O E V T ← → G Alignment 40 6 E B Tell me what you want to do Wrap Text Merge & Center - & H 7 U N Individual Assignment (1) - Excel 6 General 2. % ' 8 J Number to 144 1 M +0 .00 +4 G 9 D Conditional Format as .co Cell Formatting Table Styles Styles K F 11 O H O L P I ? FE EB Insert Delete Format J ? = EX Cells A aayushis K 1 3°C Cloudy WE L Σ F C
Transcribed Image Text:→ File Paste C26 4A 37 38 39 40 41 42 43 44 45 46 47 48 52 53 54 H Cipboard 55 56 Home Insert Page Layout Cut Copy- Format Painter 57 58 59 60 61 62 63 64 Ready # A Q ▾ N G 1 X ✓ fx B Calibri 2 BIU. AP12-1B AP12-14B Accessibility: Good to go Type here to search alt W S b) Which measures have deteriorated during the subsequent periods? 49 50 51 c) Which ratios indicate positive action taken by UCW Furniture Inc during the subsequent periods? X Formulas Data Review View Help # 3 -11 84 - Font E D C - A A А. & C $ "10 4 G R F = % SE H D 5 O E V T ← → G Alignment 40 6 E B Tell me what you want to do Wrap Text Merge & Center - & H 7 U N Individual Assignment (1) - Excel 6 General 2. % ' 8 J Number to 144 1 M +0 .00 +4 G 9 D Conditional Format as .co Cell Formatting Table Styles Styles K F 11 O H O L P I ? FE EB Insert Delete Format J ? = EX Cells A aayushis K 1 3°C Cloudy WE L Σ F C
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