This paper concentrates on the primary theme of The following ratios are incorrect and require revision: Inventory turnover - 5.3 Accounts receivable turnover - 31.0 Day`s sales in receivables - 11.8 in which you have to explain and evaluate its intricate aspects in detail. In addition to this, this paper has been reviewed and purchased by most of the students hence; it has been rated 4.8 points on the scale of 5 points. Besides, the price of this paper starts from £ 79. For more details and full access to the paper, please refer to the site.

Within the spreadsheet:

The following ratios are incorrect and require revision:

Inventory turnover - 5.3
Accounts receivable turnover - 31.0
Day`s sales in receivables - 11.8
Debt ratio - 29.73
Rate of return on net sales - 6.65
Rate of return on total assets - 15.12
Rate of return on stockholder`s equity - 20.26
Earnings per share - 1.14
Price earnings ratio - 5.03
Book value per share - 5.87

The following figures remain inaccurate in the Change column:

Cash and cash equivalents
Short term investments
Accounts receivable, net
Sales and income taxes payable
Treasury stock

Within the memo document:

For the following ratios, the memo does not appear to provide an indication of strength, weakness, or satisfactory:

Debt ratio
Times interest earned
Rate of return on total assets
Earnings per share

Update the justifications based on changes made:

For all 13 ratios, please provide a clearer explanation for whether the ratio lies above or below the first, second, and third industry quartiles. Note that an average is not equivalent to the second quartile.