The following table lists the 2018 and 2019 financial statements for Otago Bay Marine Motors, a major

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The following table lists the 2018 and 2019 financial statements for Otago Bay Marine Motors, a major manufacturer of top-of-the-line outboard motors.

Otago Bay Marine Motors Balance Sheets ($ in thousands)

Otago Bay Marine Motors income statements ($ in thousands)

a. On the basis of the information provided, calculate the following financial ratios for 2018 and 2019.

b. Considering the financial ratios you computed, along with the industry averages, how would you characterize the financial condition of Otago Bay Marine Motors? Explain.

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Fundamentals Of Investing

ISBN: 9780135175217

14th Edition

Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk

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