In addition to the data shown in Exhibit 1 and Exhibit 2, what other financial information would you have obtained if you had been responsible for planning the 1991 Leslie Fayaudit?

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EXHIBIT continued THE LESLIE FAY COMPANIES 1987-1991 INCOME STATEMENTS The Leslie Fay Companies Consolidated Income Statements 1987-1991 (in millions) 1991 1990 1989 1987 190e Net Sales Cost of Sales $836.6 $858.8 $786.3 $682.7 $582.0 403.1 251.5 269.4 249.5 216.4 178.9 585.1 589.4 536.8 466.3 Gross Profit Operating Expenses: Selling, Warehouse, General and Administrative 132.5 3.8 189.0 201.9 186.4159.5 136.3 42.6 16.4 186.3 199.0 183.8 156.2 Amortization of Intangibles Total 0perating Expenses Operating Income 62.5 18.3 o 67.5 18.7 63.1 19.3 43.8 43.8 Interest Expense 18.2 Income Before Non-recurring Charges (Credits) 44.2 48.8 38.7 26.2 Non-recurring Charges (Credits) (5.0) Income Before Taxes on Income Income Taxes Net Income 38.7 16.4 $29.4 29.1 25.8 S 22.3 $ 1.55 1.53 1.35 1.17 44.2 14.8 31.2 11.5 19.7 1.03 19.7 18.0 Net Income per Share EXHIBIT 2 THE LESLIE FAY COMPANIES 1991 INDUSTRY NORMS FOR KEY FINANCIALSolvency: RATIOS Liquidity: Current Ratio Quick Ratio Debt to Assets Times Interest Earned Long-term Debt to Equity Activity: Inventory Turnover Age of Inventory Accounts Receivable Turmover Age of Accounts Receivable Total Asset Tumover 53.7 days 45.5 days Profitability: Gross Margin Profit Margin on Sales Return on Total Assets Return on Equity 31.5% 6.0% 14.0%