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“Financial Ratios Exercise A: Carpenter Technologies” in Trent (2016) book: Chapter 4, pp. 61-64
Trent (2016) Kindle references: Start at Chapter 4, “Calculating Financial Ratios,” reference 1376. Stop before
“Financial Ratios Analysis Exercise B: Breeze-Eastern Corporation,” reference 1389.
This assignment requires financial analysis in addition to calculation. Show the results of your financial ratio
calculations. Using the information from your ratio analysis, prepare a brief financial report about the supplier in
the exercise.
Note:
There are two formula errors in the tables in Chapters 3 and 4 of the textbook. The calculations shown in the
book are correct, but there are typos in the formulas. Use the ‘Should be’ formulas shown below in this week’s
assignment.
Current Ratio:
Shown as: current assets – current liabilities
Should be: current assets/current liabilities
Inventory Days Outstanding:
Shown as: 365/inventory turnover
Should be: (inventory/cost of revenue) * 365
Please do the research to support all the answers, please add references page, please add in-text citation.
