Overtake Financial Group is a large corporation whose sole activity is the acquisition of quality subsidiary companies.
Question:
Corn Company, an ethanol producing firm based in Nebraska, which is currently trading at $5 per share. He wants you to analyze the company and give a recommendation on whether or not to submit a bid for Burning Corn.
Required
Prepare a brief written analysis of Burning Corn's profitability, liquidity, and solvency. Include a table of calculated ratios and your recommendation on whether Overtake should bid on the company. Round percentages to one decimal point (i.e., 12.8%).
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