Quantum Moving Company has the following data. Industry information also is shown. Company data Industry Data...
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Quantum Moving Company has the following data. Industry information also is shown. Company data Industry Data on Net Income/Total Assets 11.6% 7.2 4.9 Year 20X1 20X2 20X3 Year 20X1 20X2 20X3 Net Income $ 393,000 409,000 392,000 Company Data Debt $ 1,670,000 1,754,000 1,948,000 Net income/Total assets Debt/Total assets Total Assets $ 2,889,000 3,288,000 3,755,000 Total Assets $ 2,889,000 3,288,000 3,755,000 Net income/Total assets Debt/Total assets a. Calculate the company's data in terms of: Note: Input your answers as a percent rounded to 1 decimal place. 20X1 Industry Data on Debt/Total Assets % % 20X2 Praise/Criticize 52.3% 40.0 30.0 % % 20X3 b. As an industry analyst comparing the firm to the industry, are you likely to praise or criticize the firm in terms of: % % Quantum Moving Company has the following data. Industry information also is shown. Company data Industry Data on Net Income/Total Assets 11.6% 7.2 4.9 Year 20X1 20X2 20X3 Year 20X1 20X2 20X3 Net Income $ 393,000 409,000 392,000 Company Data Debt $ 1,670,000 1,754,000 1,948,000 Net income/Total assets Debt/Total assets Total Assets $ 2,889,000 3,288,000 3,755,000 Total Assets $ 2,889,000 3,288,000 3,755,000 Net income/Total assets Debt/Total assets a. Calculate the company's data in terms of: Note: Input your answers as a percent rounded to 1 decimal place. 20X1 Industry Data on Debt/Total Assets % % 20X2 Praise/Criticize 52.3% 40.0 30.0 % % 20X3 b. As an industry analyst comparing the firm to the industry, are you likely to praise or criticize the firm in terms of: % %
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a To calculate the companys data in terms of net income to total assets and debt to total assets you ... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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