Page 10 - Sales Proposal - Craft Wicker and Things Limited
P. 10
As earlier indicated the company has realised an increase in overall profitability.
Craft Wicker and Things has also exercised prudent management on the returns received on assets, increasing the Return on Assets from 17% in 2017 to 19% in 2018. This indicates proper utlization of assets to ensure maximum return on their investments.
Craft Wicker and Things have operated over the years wih very little debt, and so its current ratio is expected to be impressive. It boasts a current ratio of 2.38x in 2017 and 4.65x in 2018 operating outside of industry standards of 1.5x.
