The condensed statements of Ipex Inc. follow:  .:. Required

The condensed statements of Ipex Inc. follow:


Required
Rounding calculations to two decimal places:
1. Calculate each year’s current ratio.
2. Express the income statement data in common-size percents.
3. Express the balance sheet data in trend percentages with 2012 as the base year.
Analysis Component: Comment on any significant relationships revealed by the ratios andpercents.

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