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Question 10 of 10 The following information (in thousands) is for Danier Leather Inc. 2011...

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Question 10 of 10 The following information (in thousands) is for Danier Leather Inc. 2011 2010 2009 $59370 Current assets $55241 $48056 $12495 $10967 Current liabilities $17905 $157621 $164217 $162106 Net sales Cost of goods sold $71333 $88589 $77438 $7638 $7219 Profit (loss) ($2309) Calculate the gross profit margin, profit margin, and current ratio for Danier Leather for 2011, 2010, and 2009. Round to two decimals. Use to indicate a negative number. 2011 2010 2009 ross Profit Margin Profit Margin urrent Ratio Comment on whether the ratios have improved or deteriorated over the three years. Use increased, decreased, no change to complete the following statements. n 2010 and The gross profit margin in 2011. Overall, gross profit margin in 2010 and The profit margin n 2011. Overal profit margin The current ratio n 2011. overall, liquidity n 2010 and

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