The lester financial statement analysis
Financial Statement Analysis The Lester (Ratio computations and preparations of statements) Lester Fredrick corporation has in recent years maintained the following relationship among the data on its financial statement :1. Gross profit rate on net sale 30%2. Net profit margin on net sales 8%3. Rate of selling expenses to net sales 15%4. Accounts receivable turnover 8per year5. Inventory turnover 10per year6. Acid-test […]