Question
1. Sonora Investment Management charges an annual fee of one percent for the management of assets. What was the dollar value of assets under management
1. Sonora Investment Management charges an annual fee of one percent for the management of assets. What was the dollar value of assets under management by Sonora Investments in 2004 and 2005? What was their growth rate? 2. Run a horizontal analysis of the income statement. Are there any areas that require further examination? How much had the firms sales and profits grown between 2004 and 2005? 3. In 2005 what are the following ratios? a. Debt to Equity: b. ROE: c. Quick ratio: d. Compare these ratios to two other firms in the securities industry. i. How well is Sonora Investments doing? ii. If they sold stock, would you invest in this firm?
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