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a. Calculate the company's data in terms of: Note: Input your answers as a percent rounded to 1 decimal place. Net income/Total assets Debt/Total assets 20X1 % % 20X2 ae ae % % 20X3 %

a. Calculate the company's data in terms of: Note: Input your answers as a percent rounded to 1 decimal place. Net income/Total assets Debt/Total assets 20X1 % % 20X2 ae ae % % 20X3 %

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Subject: acounting 

Quantum Moving Company has the following data. Industry information also is shown. Year 20X1 20X2 20X3 Year 20X1 20X2 20X3 Company data Net Income $ 413,000 451,000 460,000 Company Data Debt $ 1,695,000 1,774,000 1,969,000 Total Assets $ 2,843,000 3,283,000 3,773,000 Net income/Total assets Debt/Total assets Total Assets $ 2,843,000 3,283,000 3,773,000 20X1 a. Calculate the company's data in terms of: Note: Input your answers as a percent rounded to 1 decimal place. % de de % Industry Data on Net Income/Total Assets Industry Data on Debt/Total Assets 20X2 % % 55.5% 49.0 34.0 20X3 de ae % 12.2% 7.7 4.1 %
Transcribed Image Text:Quantum Moving Company has the following data. Industry information also is shown. Year 20X1 20X2 20X3 Year 20X1 20X2 20X3 Company data Net Income $ 413,000 451,000 460,000 Company Data Debt $ 1,695,000 1,774,000 1,969,000 Total Assets $ 2,843,000 3,283,000 3,773,000 Net income/Total assets Debt/Total assets Total Assets $ 2,843,000 3,283,000 3,773,000 20X1 a. Calculate the company's data in terms of: Note: Input your answers as a percent rounded to 1 decimal place. % de de % Industry Data on Net Income/Total Assets Industry Data on Debt/Total Assets 20X2 % % 55.5% 49.0 34.0 20X3 de ae % 12.2% 7.7 4.1 %
b. As an industry analyst comparing the firm to the industry, are you likely to praise or criticize the firm in terms of: Net income/Total assets Debt/Total assets Praise/Criticize
Transcribed Image Text:b. As an industry analyst comparing the firm to the industry, are you likely to praise or criticize the firm in terms of: Net income/Total assets Debt/Total assets Praise/Criticize
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