Erin, the owner of Sweets To Eat Ice Cream Shoppe, wants to know how her...
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Accounting
Erin, the owner of Sweets To Eat Ice Cream Shoppe, wants to know how her company is operating from a financial perspective. Her CPA has given her the following numbers: Sales, $; operating profits, $; current assets, $; current liabilities, $; and total assets, $ The ice cream retail industry norms include an operating profit margin of a return on assets of and a current ratio of Determine the company's liquidity and compare the value to the industry ratios.
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