Refer to the financial statements for Gilsig Inc. in Problem 12-77A.
In problem Gilsig Inc. owns and operates a small chain of sportswear stores located near colleges and universities. Gilsig has experienced significant growth in recent years. The following data are available for Gilsig:

Required:
1. Compute the asset efficiency ratios (rounded to two decimal places) for Gilsig for 2011 and 2010 (in percentage terms, rounded to two decimal places). Indicate whether efficiency has changed.
2. Compute the profitability ratios (rounded to two decimal places) for Gilsig for 2011 and 2010. Determine by how much Gilsig€™s profitability ratios have changed (in percentage terms, rounded to two decimal places) for the two-year period.
3. Compute the debt management ratios (in percentage terms, rounded to two decimal places) for Gilsig for 2010 and 2011. Discuss whether creditors are as secure in 2011 as they were in 2010.

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SI Consolidated Income Statements Year Ended December 31, Cost of goods sold in net Selling and administrative Income before income taxes Provision for income taxes Consolidated Balance Sheets ASSETS Property, plant and equipment (net 12,646 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Short-term notes payable Accounts payable Total current liabilities Common stock & additional paidin capital Total stockholders' equity Total liabilities and stockholders' equity $12,646 0 5 23621 6568 9752 3362-0 7 52 6 33 2 4 71 I 37 292 1 344 150 403 4-1-12 T 串一串 $一串 0 33 035 8 21-35 8-23 6 06 1 77 18 997608 2 ,6 4465 3483 0 1 12 354 262 2 38448 472679 20 446 6, 13-14, 2-, 21 1 075 496 , 522 8 42 0 46 7-7 45 4 15 384 376 0 110 2 532 6173 2 4 In