Case 1.1 Ratios

Auditing Cases: An Interactive Learning Approach (4th Edition)

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Ocean Manufacturing, Inc. Ratios for Comparison Industry Ration for C 2008 2007 2006 ROE 8.94% 7.11% 6.29% ROE ROA 4.54% 3.77% 3.39% ROA Assets to Equity 1.97 1.88 1.85 Assets to Equity Accounts Receivable Turnover 11.69 13.11 14.02 Accounts Receivable Turnover Average Collection Period 31.23 27.85 26.03 Average Collection Period Inventory Turnover 6.08 4.51 3.48 Inventory Turnover Days in Inventory 59.98 80.89 104.99 Days in Inventory
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Unformatted text preview: Debt to Equity 0.97 0.88 0.85 Debt to Equity Times Interest Earned 4.7 4.24 6.23 Times Interest Earned Current Ratio 1.85 1.92 1.69 Current Ratio Profit Margin 5.50% 6.00% 4.70% Profit Margin Comparison 2008 2007 22.10% 28.50% 7.20% 8.80% 3.59 3.06 8.14 7.57 44.84 48.21 8.8 7.5 41.48 47.67 2.58 2.06 1.5 2.2 1.2 1.3 9.80% 10.00%...
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Case 1.1 Ratios - Debt to Equity 0.97 0.88 0.85 Debt to...

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