8. a. Return of Total Assets = Net Income / Average Total Assets b. Current Ratio = Current Assets / Current Liabilities c. Debt Ratio = Total Liabilities / Total Assets d. Profit Margin Ratio (aka Return on Sales) = Net Income / Net Sales e. Inventory Turnover = Cost of Goods Sold / Average Inventory f. Accounts Receivable Turnover = Net Sales / Average Net Accounts Receivable 8. For the financial ratios below, identify which are favorable when lower values are calculated Place the letter (a,b,c,d,e,t) of the financial ratio here Place Q8a-8f here
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