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21:42 *itslearning LTE AA A applications.itslearning.com fm.docx Q1. Industry K has three companies whose income statements and balance sheets are summarized below. Fill the missing

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21:42 *itslearning LTE AA A applications.itslearning.com fm.docx Q1. Industry K has three companies whose income statements and balance sheets are summarized below. Fill the missing data in the table indicated by a-1) and comment on each company's relative performance. Comp. X Comp. Y Comp. Z Sales $500,000 d 9 Net income $ 25,000 $30,000 h Total assets $100,000 $250,000 Total assets turnover f 0.4 Profit (net) margin b 0.4% 5% Return on total assets (ROA) 2% a Q2. a. What kind of decision is making the financial manager of a company? Explain briefly. b. What qualifications are required for the CFO of a company? Explain briefly

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