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3. (10 points) H2O Corporation is a wholesaler of scuba gear. During 2004,H2O expanded its retail business by adding over 50 dive shops. The following
3. (10 points) H2O Corporation is a wholesaler of scuba gear. During 2004,H2O expanded its retail business by adding over 50 dive shops. The following information is obtained from the comparative financial statements included in the company's 2004 annual report (all amounts are in thousands): 1. Using the information provided above, compute the following for 2004 and 2003: A. Debt Ratio 2004 2003 B. Times interest earned ratio 2004 2003 2. Comment briefly on the company's solvency between 2003 and 2004 based on your ratio calculations in part 1 . 3. Using the information provided above, compute the following for the years indicated below: A. Profit Margin \% 2004
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