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The Following Selected Information Is Available For Volvo Group Headquartered
The Following Selected Information Is Available For Volvo Group Headquartered
The following selected information is available for Volvo Group, headquartered in Sweden, for
three fiscal years (in SEK [Swedish krona] millions):
Instructions
(a) Calculate the current ratio, gross profit margin, and profit margin for each year.
(b) Comment on whether the ratios have improved or deteriorated over the three years.
(c) Compare the 2015 ratios calculated in part (a) with the following industry averages: current
ratio 1.2:1; gross profit margin 16.3%; and profit margin 2.5%. Are Volvo's ratios better or worse
than those of its industry?
ANSWER
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