Please help me with these questions in detail FilePasteC2645678910111213ClipboardHome Insert Page Layout2324CutCopyFormat Painter25262728ReadlyHAQ19Z1 X ✓ fixCurrent ratioQuick ratioCalibriBIU-Receivables turnoverInventory turnoverDebt to equity ratioReturn on assetsGross marginProfit marginReturn on equity2AP12 10 AP12-14BAccessibility: Good to go.Type here to searchABC1 AP12-14B (Analysis using selected ratios)23 The UCW Furniture Inc. operates several stores selling pine furniture. Selected financial ratios are as follows:WSFormulas DataX3-11☆168-FortED+- A AA20242.350.9610.435.610.885.5%8.7%3.8%14.2%Cс$44104Review ViewJL23R19F====141516 In 2022, UCW Furniture Inc decided to change its strategy from selling high-end furniture to selling lower-cost items in order to be more competitive17 and began importing low-cost furniture. In order to do this the company invested in new warehouse facilities and its total assets grew from18 $2.5 million in 2022 to $4.5 million in 2023 and finally to $5 million in 2024.1920 Required21a) Briefly discuss what these financial ratios indicate about how UCW Furniture Inc was affected by its decision to change its strategy in 2022.22%=D20232.300.91V59.615.370.776.0%12.6%4.2 %13.0%HelpT2GAlignment40ab Wrap Text6BTell me what you want to doMerge & CenterF20222.250.888.695.070.589.8%18.7%6.9%12.0%Y4&HTMF7FNIndividual Assignment (1) - ExcelUGeneral28%;JNumberNov 1441M00G(9GK13ISConditional Format as CellFormatting Table StylesStyles>OHOLP1(?):{TE EXHEInsert Delete FormatJCells1KA aayushisingh54890.3°C Cloudy1Σ AutoSum -Fill✓ClearLEditMActivate320 →FilePasteC264A373839404142434445464748525354HCipboard5556Home Insert Page LayoutCutCopy-Format Painter5758596061626364Ready#AQ▾NG1 X ✓ fxBCalibri2BIU.AP12-1B AP12-14BAccessibility: Good to goType here to searchaltWSb) Which measures have deteriorated during the subsequent periods?495051c) Which ratios indicate positive action taken by UCW Furniture Inc during the subsequent periods?XFormulas Data Review View Help#3-1184 -FontEDC- A AА.&C$"104GRF=%SEHD5O EVT← →GAlignment406EBTell me what you want to doWrap TextMerge & Center -&H7UNIndividual Assignment (1) - Excel6General2. % '8JNumberto 1441M+0.00 +4G9DConditional Format as.coCellFormatting Table StylesStylesKF11OHOLPI?FEEBInsert Delete FormatJ?=EXCellsA aayushisK13°C CloudyWELΣFC

UCW furniture operates several stores selling pine furniture. Several ratios are calculated for the…

Answered: a) Briefly discuss what these financial…

a) Briefly discuss what these financial ratios indicate about how UCW Furniture Inc was affected by its decision to change its strategy in 2022.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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