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Assignment 3: Ratio Analysis
By Wednesday, February 22, 2017 solve the problem below, calculate the ratios, interpret the results against the industry average, and fill in the table on the worksheet. Then, provide an analysis of how those results can be used by the business to improve its performance. Turn in your completed work to the M1: Assignment 3 Dropbox by Wednesday, February 22, 2017.
1. Calculate the following ratios AND interpret the result against the industry average:
Give your interpretation of what the ratios calculations show and how the business can use this information to improve its performance. Justify all answers.