The following information was extracted from the accounting records of Flora Division: Prior Year Current Year Profit Margin Ratio 6.0% Asset… | Cheap Nursing Papers
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The following information was extracted from the accounting records of Flora Division: Prior Year Current Year Profit Margin Ratio 6.0% Asset…

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The following information was extracted from the accounting records of Flora Division:

Prior YearCurrent Year

Profit Margin Ratio6.0%5.0%

Asset Turnover Ratio2.5 times3.2 times

Did Flora improve its performance in current year compared to prior year? How?

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