Quantum Moving Company has the following data. Industry information also is shown. Company data Net Income...
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Quantum Moving Company has the following data. Industry information also is shown. Company data Net Income $ 424,000 428,000 412,000 Industry Data on Net Income/Total Assets Total Assets $ 2,843,000 3,267,000 3,834,000 Year 20X1 20X2 20X3 14.0% 9.8 3.9 Industry Data on Debt/Total Assets Year 20X1 20X2 20X3 Debt $ 1,722,000 1,732,000 1,950,000 Total Assets $ 2,843,000 3,267,000 3,834,000 56.6% 42.0 38.0 a. Calculate the company's data in terms of: (Input your answers as a percent rounded to 1 decimal place.) 20X1 20X2 20X3 Net income/Total assets Debt/Total assets % % % % % % b. As an industry analyst comparing the firm to the industry, are you likely to praise or criticize the firm in terms of: Praise/Criticize Net income/Total assets Debt/Total assets Quantum Moving Company has the following data. Industry information also is shown. Company data Net Income $ 424,000 428,000 412,000 Industry Data on Net Income/Total Assets Total Assets $ 2,843,000 3,267,000 3,834,000 Year 20X1 20X2 20X3 14.0% 9.8 3.9 Industry Data on Debt/Total Assets Year 20X1 20X2 20X3 Debt $ 1,722,000 1,732,000 1,950,000 Total Assets $ 2,843,000 3,267,000 3,834,000 56.6% 42.0 38.0 a. Calculate the company's data in terms of: (Input your answers as a percent rounded to 1 decimal place.) 20X1 20X2 20X3 Net income/Total assets Debt/Total assets % % % % % % b. As an industry analyst comparing the firm to the industry, are you likely to praise or criticize the firm in terms of: Praise/Criticize Net income/Total assets Debt/Total assets
Expert Answer:
Answer rating: 100% (QA)
A Net income Total Assets 20X1 4240002843000 149 20X2 4280003267000 131 20X3 41200038... View the full answer
Related Book For
Foundations of Financial Management
ISBN: 978-1259194078
15th edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
Posted Date:
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