PREPARATION OF RATIOS. Use the Logo, Inc., financial statements in Problem 15-33 to respond to the following requirements.

REQUIRED:
1. Compute operating ratios for Logo for 1995 and 1994. Has efficiency changed?
2. Has Logo’s profitability changed during the 3-year period 1993-1995?
3. Compute the debt-management ratios for 1995, 1994, and 1993. Are creditors as secure in 1995 as they were in 1994?