Sustainable Seafood Inc. processes and markets frozen seafood products. Continental Pipelines Limited is in the oil and
Question:
Sustainable Seafood Inc. processes and markets frozen seafood products. Continental Pipelines Limited is in the oil and gas industry in Canada and abroad. Both companies are being considered as potential investment opportunities by the executive team of your company. In addition to research already performed, the following ratios for the year ended December 31, 2020 need to be evaluated.
Required
Prepare a paragraph comparing and evaluating each of the ratios above. For each ratio include which company is better and what this means. You will give the comments in a memo to the executive team of your company, who are primarily concerned about long-term profitability. Include a final paragraph discussing if it is reasonable to make the decision based on these ratios, and, if not, what other analysis or factors should be considered.
Transcribed Image Text:
Sustainable Seafood Inc. 3.39% 1.33 times 10.62 times 54.42% Continental Pipelines Limited 17.87% 0.19 times 7.13 times 60.71% 0.75:1 Ratio Profit margin. Total asset turnover Accounts receivable turnover Debt ratio Current ratio 1.51:1
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Continental Pipelines profit marginis significantly better than Sustainable Seafoods Sustainable Sea...View the full answer
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