The Jimenez Corporation’s forecasted 2011financial statements follow, along with some industry avarage ratios.,,a) Calculate Jimenez’s 2011 forecasted ratios, compare them with the industry average data, and comment briefly on Jimenez’s projected strengths and weaknesses. ,b) what do you think would happen to Jimenez’s ratios if the company initiated cost-cutting measures that allowed it to hold lower levels of inventory and substantially decreased the cost of goods sold? Think about about which ratios would be affected by changes in these two accounts.
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