Question

The financial information below was taken from the records of Lotechnic Enterprises. The company pays no dividends.


a. Compute the current ratio, the debt/equity ratio, and return on assets for each of the four years. Assume that the year-end balances in 2012 reflect the average balances during the year. Assume a tax rate of 30 percent.
b. Prepare a common-size balance sheet for each of the four years.
c. Use the statement of cash flows, and analyze the earning power and solvency positions ofLotechnic.


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  • CreatedAugust 19, 2014
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