- Access to
**1 Million+**Textbook solutions - Ask any question from
**24/7**available

Tutors

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.

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.

- Access to
**1 Million+**Textbook solutions - Ask any question from
**24/7**available

Tutors