Submitted by: Submitted by mcniphecent
Views: 954
Words: 570
Pages: 3
Category: Business and Industry
Date Submitted: 05/09/2012 07:41 PM
Financial Analysis Project
Go to the Cango intranet http://myphlip2.pearsoncmg.com/masteringbusiness/cango/ and pull the financial statements. Use these to fill out the table found in Doc Sharing labeled Financial Analysis Project.
|Ratio |Formula |Detailed Calculation |Final number |Explanation of why it is |
| |(express the ratio in words) |(actual numbers from the financial statements used for |(Final result of |important |
| | |the calculation) |the detailed | |
| | | |calculation) | |
|Efficiency Ratio |Net Credit Sales/Average Account |50,000,000/33,000,000 |1.52 |By maintaining accounts |
|Receivable Turnover |Receivable | | |receivable, firms are |
| | | | |indirectly extending |
| | | | |interest-free loan to their |
| | | | |clients. A high ratio |
| | | | |implies either that a |
| | |...