Financial Analysis Project

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 |

| | |...