Quantum Moving Company has the following data. Industry information is also shown. As an industry analyst comparing
Question:
As an industry analyst comparing the firm to the industry, are you likely to praise or criticize the firm in terms of:
a. Net income/total assets
b. Debt/total assets.
Transcribed Image Text:
Company Data Industry Data on Net income/total assets Year Net income Total assets $350,000 $2,800,000 2012 11.5% 2013 375,000 3,200,000 8.4 3,750,000 2014 375,000 5.5 Year Debt Debt/Total Assets Total Assets $2,800,000 $1,624,000 2012 54.1% 2013 1,730,000 3,200,000 42.0 2014 1,900,000 3,750,000 33.4
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a Quantum Moving Company Net incometotal assets Year Quantum Ratio Industry ...View the full answer
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Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
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