Question

Refer to the financial statements for Lynch Shoes Inc. in Problem 12-78A and the following data.

Required:
1. Prepare all the financial ratios for Lynch for 2011 and 2010 (using percentage terms where appropriate and rounding all answers to two decimal places).
2. Explain whether Lynch’s short-term liquidity is adequate.
3. Discuss whether Lynch uses its assets efficiently.
4. Determine whether Lynch is profitable.
5. Discuss whether long-term creditors should regard Lynch as a high- risk or a low-risk firm.
6. Perform Dupont analysis (rounding to two decimal places) for 2010 and 2011.


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  • CreatedSeptember 22, 2015
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