Refer to the financial statements for Twisted Company in Problem 12-88A. Twisted Company Consolidated Income Statements (In

Question:

Refer to the financial statements for Twisted Company in Problem 12-88A.
Twisted Company
Consolidated Income Statements
(In thousands)

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Twisted Company
Consolidated Balance Sheets
(In thousands)
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Required:
1. Compute the asset efficiency ratios (rounded to two decimal places) for Twisted for 2019 and 2018 (in percentage terms, rounded to two decimal places). Indicate whether efficiency has changed.
2. Compute the profitability ratios (rounded to two decimal places) for Twisted for 2019 and 2018. Determine by how much Twisted's profitability ratios have changed (in percentage terms, rounded to two decimal places) for the 2-year period.
3. Compute the debt management ratios (in percentage terms, rounded to two decimal places) for Twisted for 2018 and 2019. Discuss whether creditors are as secure in 2019 as they were in 2018?
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