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For each ratio listed, identify whether the change in ratio value from the Prior Year to the Current Year is usually regarded as favorable or unfavorable. Ratio 1. Profit margin 2. Debt ratio 3. Gross margin 4. Acid-test ratio 5. Accounts receivable turnover 6. Basic earnings per share 7. Inventory turnover 8. Dividend yield Current Year $ 9% 55 % 36 % 1.20 5.0 1.20 5.0 4.0 % Prior Year $ 7% 54 % 45 % 1.23 6.3 1.08 4.9 3.8 % Change

For each ratio listed, identify whether the change in ratio value from the Prior Year to the Current Year is usually regarded as favorable or unfavorable. Ratio 1. Profit margin 2. Debt ratio 3. Gross margin 4. Acid-test ratio 5. Accounts receivable turnover 6. Basic earnings per share 7. Inventory turnover 8. Dividend yield Current Year $ 9% 55 % 36 % 1.20 5.0 1.20 5.0 4.0 % Prior Year $ 7% 54 % 45 % 1.23 6.3 1.08 4.9 3.8 % Change

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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For each ratio listed, identify whether the change in ratio value from the Prior Year to the Current Year is usually regarded as favorable or unfavorable. Ratio 1. Profit margin 2. Debt ratio 3. Gross margin 4. Acid-test ratio 5. Accounts receivable turnover 6. Basic earnings per share 7. Inventory turnover 8. Dividend yield Current Year $ 9% 55 % 36 % 1.20 5.0 1.20 5.0 4.0 % Prior Year $ 7 % 54 % 45 % 1.23 6.3 1.08 4.9 3.8 % Change
Transcribed Image Text:For each ratio listed, identify whether the change in ratio value from the Prior Year to the Current Year is usually regarded as favorable or unfavorable. Ratio 1. Profit margin 2. Debt ratio 3. Gross margin 4. Acid-test ratio 5. Accounts receivable turnover 6. Basic earnings per share 7. Inventory turnover 8. Dividend yield Current Year $ 9% 55 % 36 % 1.20 5.0 1.20 5.0 4.0 % Prior Year $ 7 % 54 % 45 % 1.23 6.3 1.08 4.9 3.8 % Change
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