The writer is very fast, professional and responded to the review request fast also. Thank you.
Using Exhibit 12-9 as a guide, compare C&C Sports’ performance to the industry averages. What particular observations and recommendations do you have for George Douglas, president of C&C Sports?
2011 2010 2009 2003 2007Select Common-Size Percentages:’ Cash 3: equivalents 3.0% 3.4% 10.4% 9.3% 6.9%Trade receivables, net 23.1% 22.0% 25.2% 24.6% 22.4%Inventory 41 .2% 41 .2% 33.0% 33.3% 40.2%Property and equipment 11 .1 % 1 3.3% 1 1 .9% 1 3.6% 1 3.7% Short-hem debt 1 3.5% 1 6.2% 143% 13.6% 16.9%Trade payables 1 7.5% 1 5.2% 1 6.3% 12.6% 1 5.9%Long-tent: debt 1 0.1 % 1 2.2% 3.0% 11 .2% 1 1 .6%Stockholders’ equity 393% 33.2% 42.1 % 39.2% 42.7% Gross profit 33.?% 36.3% 34.1 % 34.6% 31 .4%Operating expenses 31.4% 32.0% 23.4% 23.9% 26.9%Operating income 6.3% 4.3% 5.6% 5.7% 4.5%Inoome before taxes 5.7% 3.3% 4.3% 4.9% 3.1% Select Ratios? 201 1 2010 2009 2003 200? Current ratio 3.2 3.3 3.3 2.4 2.1Quick ratio (Acid test} 1.6 1.3 1.5 1.4 1.3Average collection period 33.2 days 35.6 clays 31.3 clays 3?.6 clays 40.9 claysInventory tumover [based on sales) 5.1 times 5.4 times 2.0 times 6.2 times 6.6 timesDebt-to—equity 63% 29.2% 36.6% 55.1 % 61 .1 %Return an asset: 3.5% 1.3% 3.1% 0.4% 3.3%Return on stockholders’ equity 9.6% 12.3% 4.9% 1.0% 12.1% ‘Rislt Management Association’s 20132013 Annuai Statement Studies: Financial Ratio Bend’rrnarlrs, NCAIS 315299.iIndustry median ratio, from Dun 3r Bradstreet’s Industry Home Er Key Business Ratios, 2007-2003, 2003—2009, 2009—2010r 2010-2011, and 2011-2012 editions, SIC 2329.
Show more
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more