Question: Pamplin Inc. Balance Sheet at 1 2 / 3 1 / 2 0 1 7 and 1 Pamplin Inc. Income Statement for Years ending 1

Pamplin Inc. Balance Sheet at 12/31/2017 and 1 Pamplin Inc. Income Statement for Years
ending 1231?2017 and 1231?2018
*15% of sales are cash sales, with the
remaining 85% being credit sales
a. Compute the financial ratios for Pamplin to compare both for 2017 and 2018 against the industry norms.
b. How liquid is the firm?
c. Are its managers generating an adequate operating profit on the firm's assets?
d. How is the firm financing its assets?
e. Are its managers generating a good return on equity?
 Pamplin Inc. Balance Sheet at 12/31/2017 and 1 Pamplin Inc. Income

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