Quantum Moving Company has the following data. Industry information also is shown. Company data Year 20X1 20X2 20x3 Year 20X1 20X2 20x3 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. % % Industry Data on Debt/Total Assets Industry Data on Net Income/Total Assets 20X2 % % 55.5% 49.0 34.0 20X3 % % 12.2% 7.7 4.1

Quantum Moving Company has the following data. Industry information also is shown. Company data Year 20X1 20X2 20x3 Year 20X1 20X2 20x3 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. % % Industry Data on Debt/Total Assets Industry Data on Net Income/Total Assets 20X2 % % 55.5% 49.0 34.0 20X3 % % 12.2% 7.7 4.1

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 9.4.14P: Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of...

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