Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby

Exercise 23

Explain whether the following situations, taken independently, would be favorable or unfavorable: ( a ) increase in gross profit percentage, ( b ) decrease in inventory turnover ratio, ( c ) increase in earnings per share, ( d ) decrease in days to collect, ( e ) increase in net profit margin, and ( f ) decrease in quick ratio.