ACC 230 Week 8 Assignment Analyzing _ Interpreting Financial Ratios - 91467

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Luna Lighting, a retail firm, has experienced modest sales growth over the past three years but has had difficulty translating the expansion of sales into improved profitability. Using three years’ financial statements, you have developed the following ratio calculations and industry comparisons. Based on this information, suggest possible reasons for Luna’s profitability problems.
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Industry 
2009 2008 2007 2009 Current                                       2.3X                       2.3X                       2.2X                

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