Quantum Moving Company has the following data. Industry information also is shown. Company data Industry Data on Net Income/Total Assets 10.0% 8.3 4.7 Year 20X1 20X2 20X3 Year 20x1 20x2 20X3 Net Income $ 351,000 380,000 433,000 Company Data Debt $ 1,709,000 1,826,000 1,960,000 Net income/Total assets Debt/Total assets Total Assets $ 2,826,000 3,231,000 3,753,000 Total Assets $ 2,826,000 3,231,000 3,753,000 Net income/Total assets a. Calculate the company's data in terms of: Note: Input your answers as a percent rounded to 1 decimal place. 20X1 Industry Data on Debt/Total Assets % Praise Praise/Criticize 55.4% 47.0 32.0 20X2 b. As an industry analyst comparing the firm to the industry, are you likely to praise or criticize the firm in terms 20X3 %

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter9: Metric-analysis Of Financial Statements
Section: Chapter Questions
Problem 9.4.13P: Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of...
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Quantum Moving Company has the following data. Industry information also is shown.
Company data
Year
20X1
20X2
20X3
Year
20X1
20X2
20X3
Net Income
$ 351,000
380,000
433,000
Company Data
Debt
$ 1,709,000
1,826,000
1,960,000
Net income/Total assets
Debt/Total assets
Total Assets
$ 2,826,000
3, 231,000
3,753,000
Total Assets
$ 2,826,000
3,231,000
3,753,000
Net income/Total assets
Debt/Total assets
a. Calculate the company's data in terms of:
Note: Input your answers as a percent rounded to 1 decimal place.
20X1
%
Industry Data on Debt/Total
Assets
Praise
Criticize
Praise/Criticize
Industry Data on Net
Income/Total Assets
10.0%
8.3
4.7
20X2
%
%
55.4%
47.0
32.0
b. As an industry analyst comparing the firm to the industry, are you likely to praise or criticize the firm in terms of:
20X3
%
%
Transcribed Image Text:Quantum Moving Company has the following data. Industry information also is shown. Company data Year 20X1 20X2 20X3 Year 20X1 20X2 20X3 Net Income $ 351,000 380,000 433,000 Company Data Debt $ 1,709,000 1,826,000 1,960,000 Net income/Total assets Debt/Total assets Total Assets $ 2,826,000 3, 231,000 3,753,000 Total Assets $ 2,826,000 3,231,000 3,753,000 Net income/Total assets Debt/Total assets a. Calculate the company's data in terms of: Note: Input your answers as a percent rounded to 1 decimal place. 20X1 % Industry Data on Debt/Total Assets Praise Criticize Praise/Criticize Industry Data on Net Income/Total Assets 10.0% 8.3 4.7 20X2 % % 55.4% 47.0 32.0 b. As an industry analyst comparing the firm to the industry, are you likely to praise or criticize the firm in terms of: 20X3 % %
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