Erin, the owner of Sweets To Eat Ice Cream Shoppe, wants to know how her...
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Erin, the owner of Sweets To Eat Ice Cream Shoppe, wants to know how her company is operating from a financial perspective. Her CPA has given her the following numbers: Sales, $; operating profits, $; current assets, $; current liabilities, $; and total assets, $ The ice cream retail industry norms include an operating profit margin of a return on assets of and a current ratio of Determine the company's liquidity and compare the value to the industry ratios.
Erin, the owner of Sweets To Eat Ice Cream Shoppe, wants to know how her company is operating from a financial perspective. Her CPA has given her the following numbers: Sales, $; operating profits, $; current assets, $; current liabilities, $; and total assets, $ The ice cream retail industry norms include an operating profit margin of a return on assets of and a current ratio of Determine the company's liquidity and compare the value to the industry ratios.
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