1. The following financial statements included to the company International Carrier Services, for the closing of its fiscal year, as of September 30, 2018.

International carrier services

Income statement for the fiscal year

Ended September 30, 2018

Net sales $ 51,407

Cost of products sold 25,076

Gross margin $ 26,331

Marketing, research, administrative experience. 15,746

Depreciation 758

Operating profit (loss) $ 9,827

Interest expense 477

Earnings (losses) before income taxes 9,350

Income tax 2,869

Net income (loss) $ 6,481

International carrier services

Balance sheet as of 09/30/2018

Assets Liabilities and Stockholders' Equity

Cash and marketable securities $ 5,469 Accounts payable $ 3,617

Investment securities 423 Accrued and other liabilities 7,689

Accounts receivable 4,062 Taxes payable 2,554

Total inventories 4,400 Debt past due within a year 8,287

Prepaid expenses and other accounts receivable 2,761 Total current liabilities $ 22,147

Other non-current assets 1,925

Total current assets $ 19,040 Long-term debt 12,554

Deferred income tax 2,261

Property, plant and equipment, at cost 25,304 Other non-current liabilities 2,808

Less: Accumulated depreciation 11,196 Total liabilities $ 39,770

Net plant and equipment 14,108

Goodwill and other intangible assets 23,900 Class A convertible preferred shares 1,526

Total Fixed Assets 38,008 Common Shares 2,141

Retained earnings 13,611

Total stockholders' equity (deficit) $ 17,278

Total assets

$ 57,048

Total liabilities and stockholders' equity

$ 57,048

Calculate the financial ratios (financial ratios) for the International Carrier Services company and compare them with the financial ratios provided for the haulage services industry to which the political company belongs. (9 points)

Average ratio of the international transport services industry

Current ratio 0.85 2.05

Rapid ratio 0.45 0.78

Gross margin 51.22% 23.9%

Profit margin .... 12.3%

Debt ratio 0.69 0.23

Long-term debt with equity 0.73 0.98

Time-Interest Ratio Earned ... 5.62

ROA ... 5.3%

ROE ... 18.8%

2. Based on the results of the previous year and its evaluation, propose the adjustments or strategies that you understand the company must carry out to locate itself in a better financial position. (8 points)

3. Would you invest in stocks or bonds of this company? Explain (6 points)