Q23 - Ratios - 15 marks (suggested time: 10 minutes) The following selected information is...
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Q23 - Ratios - 15 marks (suggested time: 10 minutes) The following selected information is available for Ellie's Furniture Limited., which is a retailer of home furnishings, mattresses, appliances, and electronics. (\$ in thousands): Note: DO NOT use commas or dollar signs in your answers (e.g. 2750, NOT \$2,750). DO NOT use brackets to denote negative values, use a minus sign (e.g. -100 , NOT (100)). a) 9 marks (suggested time -8 minutes) Calculate the current ratio, gross profit margin, and profit margin for each year. (Round answers to 1 decimal place, e.g. 1.5.)
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