Understanding Financial Ratios in a Case StudyFinancial plans and statements are an important part of identifying how much money is needed, and of determining the health of the company through company valuation. Completing financial statements is part of the role of the entrepreneur in raising capital.Reread “All Is Not Paradise in Eden’s Garden,” parts 1 and 2,( Attached below) in files found at the end of subsection LO 4 of this week’s chapter of your text.Assume the role of Shelly Edison (the accountant) and calculate the following ratios. Using the financial statements for Eden’s Garden, calculate the following ratios:Current RatioQuick RatioDebt RatioTimes Interest Turnover RatioAverage Inventory TurnoverAverage Collection PeriodAverage collection period in daysAverage Payable PeriodAverage payable period in daysNet Sales to Net AssetsNet Sales to Working CapitalNet Profit on SalesNet Profit on EquityWhat recommendations can you make to Eden’s to improve their company’s financial performance in the future?Your paper should be 3-5 pages in length and conform to the APA Style with in text citations. Calculations of the ratios should be shown in an appendix (Xcel spreadsheets would work as well) in APA format while the body of the paper is used for explanations and recommendations.
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