PREPARATION OF RATIOS Use the Logo, Inc., financial statements in Problem 12-79A to respond to the following requirements.

Required:

. Compute asset efficiency ratios for Logo for 2009 and 2008. Indicate whether efficiency has changed.

. Determine whether Logo’s profitability changed for the two-year period 2008–

2009.

. Compute the debt-management ratios for 2008 and 2009. Discuss whether creditors are as secure in 2009 as they were in 2008.