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Using the given data, calculate items 1 through 8 below for 2016. Compare the performance of Packard Plastics, Inc., with the following industry...
a. Using the given data, calculate items 1 through 8 below for 2016. Compare the performance of Packard Plastics, Inc., with the following industry averages and comment on its operations. Round to two decimal points.
Median Ratios for
Manufacturers of Plastic and
Synthetic Products
Ratios for
Packard Plastics1. Quick ratio:1.2 Answer
2. Current ratio:1.9 Answer
3. Accounts Receivable Turnover:7.9 Answer
4. Inventory turnover:7.8 Answer
5. Debt-to-equity ratio:0.95 Answer
6. Gross profit percentage32.7%Answer
%7. Return on sales3.5%Answer
%8. Return on assets:6.3%Answer
%
