Below are some of Facebook's financial ratios for fiscal 2020 and fiscal 2019. 2020 2019 Quick Ratio 1.0 1.5 Days Receivable 8 days 6 days Return on Assets 16% 18% Gross Margin % 80% 60% Debt-to-Equity Ratio 1.3 1.1 1. Is Facebook's Quick Ratio more favorable in 2020 or 2019? 2. Does Facebook's Days Receivable ratio suggest that the company is collecting receivables faster in 2020 or 2019? 3. Is Facebook's Return on Assets more favorable in 2020 or 2019? 4. Is Facebook's Gross Margin percentage more favorable in 2020 or 2019? 5. Does Facebook's Debt-to-Equity ratio suggest that the company carrying more debt per unit of equity in 2020 or 2019?
Below are some of Facebook's financial ratios for fiscal 2020 and fiscal 2019. 2020 2019 Quick Ratio 1.0 1.5 Days Receivable 8 days 6 days Return on Assets 16% 18% Gross Margin % 80% 60% Debt-to-Equity Ratio 1.3 1.1 1. Is Facebook's Quick Ratio more favorable in 2020 or 2019? 2. Does Facebook's Days Receivable ratio suggest that the company is collecting receivables faster in 2020 or 2019? 3. Is Facebook's Return on Assets more favorable in 2020 or 2019? 4. Is Facebook's Gross Margin percentage more favorable in 2020 or 2019? 5. Does Facebook's Debt-to-Equity ratio suggest that the company carrying more debt per unit of equity in 2020 or 2019?
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 8PA: The following select financial statement information from Candid Photography. Compute the accounts...
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