Refer to the financial statements for Austin Logo Inc. in Problem 12-88B. Refer to Problem 12-88B, Austin
Question:
Refer to the financial statements for Austin Logo Inc. in Problem 12-88B.
Refer to Problem 12-88B,
Austin Logo Inc.
Consolidated Income Statements
(In thousands)
-1.png)
Consolidated Balance Sheets
(In thousands)
-2.png)
-3.png)
1. Compute the asset efficiency ratios for Austin for 2019 and
2018 (in percentage terms, rounded to two decimal places) and determine whether its asset efficiency has changed.
2. Compute the profitability ratios (rounded to two decimal places) for Austin for 2019 and 2018. Determine by how much Austin's profitability ratios have changed (in percentage terms, rounded to two decimal places) during the 2-year period.
3. Compute the debt management ratios for 2018 and 2019. Discuss whether creditors are as secure in 2019 as they were in 2018?
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1 AccountsReceivable Net SalesAverage Accounts Receivable TurnoverRatio 2019 549224798 35462 549224172 1316 2018 428933546 33692 428933458 1241 Invent...View the full answer
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