Preparation of Ratios}

Refer to the financial statements for Gilsig Ltd. in Problem 13-81A.

\section*{Required:}

1. CONCEPTUAL CONNECTION Compute the asset efficiency ratios (rounded to two decimal places) for Gilsig for 2018 and 2017 (in percentage terms, rounded to two decimal places). Indicate whether efficiency has changed.

2. CONCEPTUAL CONNECTION Compute the profitability ratios (rounded to two decimal places) for Gilsig for 2018 and 2017. Explain if profitability has increased or decreased from 2017 to 2018.

3. CONCEPTUAL CONNECTION Compute the debt management ratios (in percentage terms, rounded to two decimal places) for Gilsig for 2017 and 2018. Discuss whether creditors are as secure in 2018 as they were in 2017.

\section*{OBJECTIVE 4 Problem