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Accounting week 14 (Example)

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Accounting Week 14 Introduction Ratio analysis is the virtual measure adopted to ascertain certain fundamental aspects of the business financial and operating performance by evaluating profitability liquidity and efficiency (Gibson 2008). The paper intends to evaluate the efficiency of Happy Hamburger Company by comparing the financial performance of the company with the industry average. Financial Ratio Analysis The current ratio provides the reflection whether the company holds sufficient funds in the form of current assets to pay off the short-term liabilities and obligations (Porter & Norton 2008). The assessment of Happy Hamburger current ratio reflected that the company is in a strong position to meet their short-term liabilities as the calculated ratio Best Fraser & Tan 2012). Conclusion Based on analysis of Happy Hamburger in comparison to the industry average it was found that the company is performing efficiently in the market over its competitors. However the company is suggested to improve DSO by reducing the amount of account receivables. References Besley S. & Brigham E. F. (2014). Principles of finance. Boston US: Cengage Learning. Horngren C. Harrison W. Oliver S. Best P. Fraser D. & Tan R. (2012). Financial accounting. Australia: Pearson Higher Education. Needles B. E. & Powers M. (2010). Financial Accounting. Boston US: Cengage Learning. Porter G. & Norton C. (2008). Financial accounting: The impact on decision makers. US: Cengage Learning. [...]

Order Description:

in attached file - cover page APA and refrences at the end >

Subject Area: Accounting

Document Type: Reports

This project has already been completed by one of the Studybay experts. The client rated this project:

Project's rating is 5/5

Price $20

Words 550

Pages 2

Completed in 6 days

Expert Gregory E

Client Review

thank you

Positive
12.23.2017

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