Ratios on Happy Co
|
Working
|
31 December 20x4
|
Return on capital employed
|
(5,500/32,300)*100%
|
17.0%
|
Net asset turnover
|
54,000/32,300
|
1.7 times
|
Gross proftit margin
|
(16,000/54,000)*100%
|
29.6%
|
Current ratio
|
11,700/7,400
|
1.6:1
|
Payable days
|
(6,500/38,000)365days
|
62 days
| Five missing ratios
There are some comparative trends between Happy Co and Sneezy Co in order to compare their performance and position in one year. First of all, ROCE of Sneezy Co is slightly higher than that of Happy Co. To explain it, Sneezy Co is making efforts to recycle its products fastly. In addition Sneezy Co’s net asset turnover raised more noticeable than that of Happy Co 2.2 and 1.7 times respectively. I think Happy Co is not working to sell their products quickly.Happy Co ,however, has a higher gross profit margin and operating profit margin. And Happy Co’s payables and inventory days are also higher.
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