Refer to the financial statements for Tobolowsky Hats Inc. in Problem 12-78B and the data below.

Required:
1. Prepare all the financial ratios for Tobolowsky for 2011 and 2010 (using percentage terms where appropriate and rounding all answers to two decimal places).
2. Indicate whether Tobolowsky€™s short-term liquidity is adequate.
3. Discuss whether Tobolowsky uses its assets efficiently.
4. Determine whether Tobolowsky is profitable.
5. Discuss whether long-term creditors should regard Tobolowsky as a high-risk or a low-risk firm.
6. Perform Dupont analysis (rounding to two decimal places) for 2011 and 2010.

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Average number of common sharas outstanding Accounts receivable 事670,469 604,236 $ 545,556 2,208,782 ,908,642 1,699,432 1,640,278 1,338,32 1,075,952 Stockholders' equity Cash flows from operating activities Common dividends paid Dividends per common share Market price per share 1 8 6 3 5 Year Ended December 31 32.71% 27.85%