Question: The following ratios and other information are based on a company's comparative financial statements for a two-year period: Required: a. What is the amount of

The following ratios and other information are based on a company's comparative for a two-year period:

Required:
a. What is the amount of current liabilities at the end of 2011?
b. What is the amount of total debt at the end of 2011?
c. What is the total shareholders' equity at the end of 2011?
d. Do you think this company is a retail company, a financial institution, or a service organization? Explain.
e. If the company has 1,650,200 common shares outstanding for most of 2011 and has issued no other shares, what are its net earnings for 2011?
f. Based on the information available, what is your assessment of the company's liquidity? Explain.
g. Given the limited information, what is your assessment of the company's overall financial position? Explain.
h. What changes do you see between 2010 and 2011 that appear particularly significant? What explanations might there be for these changes?

2010 2011 2.20 89 58 1.38 15. 45.6% $2,143,72 $3,574.825 965,118 S1.462.763 L84 1.07 43 Current ratio Quick ratio Debt to total assets ratio Debt to equity ratio Earnings per share Gross profit margin Total assets Current assets 42.3%

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