Quantum Moving Company has the following data. Industry information also is shown. Company Data Industry Data on Year Net Income Total Assets Net Income/Total Assets 20X1 $ 350,000 $ 2,833,000 10.9 % 20X2 404,000 3,285,000 7.5 % 20X3 451,000
Quantum Moving Company has the following data. Industry information also is shown. Company Data Industry Data on Year Net Income Total Assets Net Income/Total Assets 20X1 $ 350,000 $ 2,833,000 10.9 % 20X2 404,000 3,285,000 7.5 % 20X3 451,000
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Quantum Moving Company has the following data. Industry information also is shown.
| Company Data | Industry Data on | |||||||||
| Year | Net Income | Total Assets | Net Income/Total Assets | |||||||
| 20X1 | $ | 350,000 | $ | 2,833,000 | 10.9 | % | ||||
| 20X2 | 404,000 | 3,285,000 | 7.5 | % | ||||||
| 20X3 | 451,000 | 3,756,000 | 4.5 | % | ||||||
| Year | Debt | Total Assets | Industry Data on Debt/Total Assets |
|||||||
| 20X1 | $ | 1,714,000 | $ | 2,833,000 | 55.5 | % | ||||
| 20X2 | 1,777,000 | 3,285,000 | 48.0 | % | ||||||
| 20X3 | 1,989,000 | 3,756,000 | 34.0 | % | ||||||
a. Calculate the company's data in terms of (Input your answers as a percent rounded to 1 decimal place.)
Net/Total Asset % years 20X1-20X2-20X3
Debt/Total Asset % years
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