FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Edison clearly has better profitability ratios. What could Thomas do in the next six months to improve its profitability ratios? Ratios Quick ratio Cash debt coverage Current cash debt coverage Current ratio Financial leverage Total-liabilities-to-equity Profit margin Return on assets Return on equity Thomas Edison 0.32 0.78 0.56 0.53 0.56 1.38 0.41 1.03 1.79 2.07 79% 107% 14.67% 18.27% 16.60% 25.00% 29.65% 51.80% Select one: O a. Buy back more of its own stock. O b. Increase the allowance for doubtful accounts for accounts past due 120 days. O c. Start purchasing inventory from a local supplier, eliminating shipping costs. Od. A and B Oe. B and C O f. A and C Og. A, B, and C
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Transcribed Image Text:Edison clearly has better profitability ratios. What could Thomas do in the next six months to improve its profitability ratios? Ratios Quick ratio Cash debt coverage Current cash debt coverage Current ratio Financial leverage Total-liabilities-to-equity Profit margin Return on assets Return on equity Thomas Edison 0.32 0.78 0.56 0.53 0.56 1.38 0.41 1.03 1.79 2.07 79% 107% 14.67% 18.27% 16.60% 25.00% 29.65% 51.80% Select one: O a. Buy back more of its own stock. O b. Increase the allowance for doubtful accounts for accounts past due 120 days. O c. Start purchasing inventory from a local supplier, eliminating shipping costs. Od. A and B Oe. B and C O f. A and C Og. A, B, and C
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