Riverside Memorial’s financial statements are presented in Tables 17.1, 17.2, and 17.3.

a. Calculate Riverside’s financial ratios for 2003. Assume that Riverside had $1,000,000 in lease payments and $1,400,000 in debt principal repayments in 2003. (Hint: Use the book discussion to identify the applicable ratios.)

b. Interpret the ratios. Use both trend and comparative analysis. For the comparative analysis, assume that the industry average data presented in the book is valid for both 2003 and 2004.