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LET'S BUY A NURSERY I After years of saving, learning, investing, and preparing, you're ready...

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LET'S BUY A NURSERY I After years of saving, learning, investing, and preparing, you're ready to make the big leap and purchase an existing nursery. You've narrowed your choices to two: Plants 'n Growin' Things and When It Grows. As the next step, you will assess the ratios to further narrow your decision. FILL IN THE FOLLOWING 9 BOXES AND ANSWER THE QUESTION THAT FOLLOWS, 3 points each, 30 POINTS Plants 'n Growin' When It Grows Nursery Things Nursery Net income after taxes: $59,000 Return on Sales Net income after taxes: $ 209,000 Net sales: $190,000 Which nursery is doing better? Net sales: $980,000 Return on sales: Return on sales: Current assets: $289,000 Current liabilities: $178,000 Current ratio: Current Ratio Current assets: $499,000 Which nursery is doing better? Current liabilities: $388,000 Current ratio: Cost of goods sold: $121,000 Average inventory: $22,000 Inventory turnover: Inventory Turnover Cost of goods sold: $688,000 Which nursery is doing better? Average inventory: $90,000 Inventory turnover: After calculating the above ratios and determining which nursery is doing better in each individual ratio, which nursery are you most interested in? Why

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