M&H, an international retail clothing company headquartered in Sweden, began its 2014 fiscal year with assets totalling 41,734 (in millions of Swedish krona) but ended the year (on November 30, 2014) with 51,243 in total assets. Account balances on November 30, 2014, are listed below (in millions of Swedish krona).

Required
1. Prepare a statement of financial position at November 30, 2014, using Exhibit 5.12 as a guide.
Not all of the accounts listed are reported on the statement of financial position.
Total Assets equals $51,243.
2. Use an appropriate ratio to compute M&H's financing risk. Compare M&H's ratio to the 0.126 reported for Vulcan (a clothing company headquartered in Canada) on December 31, 2014. Which company appears more likely to pay its liabilities?
3. Use an appropriate ratio to compute the amount of profit M&H earns from each dollar of sales. Compare M&H's ratio to that of Vulcan, which earned 6.5 cents of profit for each dollar of sales in the year ended December 31, 2014.
4. Use an appropriate ratio to compute M&H's efficiency at using assets to generate sales. Compare M&H's ratio to the 1.58 reported for Vulcan for the year ended December 31, 2014?

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Long-Term Liabilities Other Current Liabilities Other Noncurrent Assets Prepaid Expenses Profit for the Year (Net Income) Accounts Payable Accounts Receivable Accrued Liabilities Accumulated Depreciation Buildings and Equiprnent Contributed Capital Goodwill and Intangible Assets 3,658 3,197 2,414 4,534 1,775 948 15,294 20,039 192,573 8,500 3,687 9,243 21,616 1,617 1,656 68 Retained Earnings, Dec. 1, 2013 Sales Revenues Shares-in-Trade (Inventory) Land Liquid Funds (Cash) 22,726