You are the financial analyst at Sew Mart, an arts and crafts retail store. Your boss has asked you to review the company's financial results for the past three years and to provide an analysis of your findings: Sew Mart Ratios 20x9 20x8 20x7 Sales trend 162 22.1 25.1 Current ratio 0.78 1.90 2.20Acid-test ratio 0.40 1.32 1.90Accounts receivable turnover 41.29 33.20 10.60Inventory turnover 3.58 6.25 7.80Incorporate the following questions into your discussion of the company's financial performance. 1. Has your company performed worse, better, or about the same? 2. Should you be concerned about any ratio noted in your analysis? 3. What recommendations would you share with your boss on the financial health of the company?
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Home » Business » You are the financial analyst at Sew Mart, an arts and crafts retail store. Your boss has asked you to review the company's financial results for the past three years and to provide an analysis of your findings: Sew Mart Ratios 20x9 20x8 20x7 Sales