based on this information, answer the following questions. a) Calculate the cur ...
based on this information, answer the following questions.
a) Calculate the current ratio as of October 31, 2019
b) Does Hike Away have a good or bad current ratio? Explain why or why not
c) Calculate the inventory days on hand ratio as at October 31,2019 (since this is for the month, do not multiply by 365 in the formula. Instead multiply by 31 days.)
d) last month, the inventory days on hand ratio was 50.62 days, has the ratio improved?
e) calculate the debt to equity ratio as at October 31, 2019
f) calculate the gross profit margin as at October 31, 2019
g) Last month, the gross profit margin was 43%. what could have caused this decrease in gross margin percentage?
h) Calculate the inventory turnover as at October 31, 2019
i) If inventory turnover last month was 1.31, is the company holding on to inventory for a longer or shorter period of time?
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