Question: Using Oceans financial information, below, calculate relevant preliminary analytical procedures to obtain a better understanding of the prospective client and to determine how Ocean is

Using Oceans financial information, below, calculate relevant preliminary analytical procedures to obtain a better understanding of the prospective client and to determine how Ocean is doing financially. Prepare a horizontal analysis, a vertical analysis, and the industry ratios listed. Compare Oceans ratios to the industry ratios provided. Identify any major differences and briefly list any concerns that arise from your analysis in terms of how each might affect the client acceptance decision.

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