Write a memo to your superior analyzing the performance of SAC for 2005 and 2006. This analysis should be based on the information found in the consolidated financial statements.
Your memo should include the following financial ratios and a comparison of the ratios over the two-year period:
inventory turnover (use ending inventory)
accounts receivable turnover (use ending accounts receivable balance)
gross margin percentage
Show your calculations for each ratio and comment on SAC's performance for each ratio. Discuss other tools/methods that could be utilized to analyze the financial performance of a company.
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