Question
Amarin is a biopharmaceutical company, which focused on the commercialization and development of therapeutics for cardiovascular health. Co.'s main product, Vascepa (icosapent ethyl) capsules, is
Amarin is a biopharmaceutical company, which focused on the commercialization and development of therapeutics for cardiovascular health. Co.'s main product, Vascepa (icosapent ethyl) capsules, is for use as an adjunct to diet to reduce triglyceride levels in adult patients with severe hypertriglyceridemia. Co. refers this indication for Vascepa as the MARINE indication. Co. is also developing Vascepa for the treatment of patients with high triglyceride levels who are also on statin therapy for elevated low-density lipoprotein cholesterol, levels which condition Co. refer to as mixed dyslipidemia. Vascepa is available in the U.S. by prescription only
Strategic Financial Analysis for the Last Reported Fiscal Year Use the company's income statement and balance sheet to calculate no less than a total of ten (10) key financial ratios to the business that are relevant to the focal company. There must be a mix of four different key categories inclusive of the leverage, liquidity, profitability, and efficiency ratios so that the ratios do not all come from the same category.
The specific ratios selection must come from the following categories. Leverage Ratios (Long term debt ratio, Total debt ratio, Debt-to-equity ratio, Times interest earned ratio, and Cash coverage ratio). Liquidity Ratios (Net working capital to total assets ratio, current ratio, quick ratio, and cash ratio) Efficiency Ratios (Asset turnover ratio, Average collection period, Inventory turnover ratio, and Days sales outstanding) Profitability Ratios (Net profit margin, Return on assets, and Return on equity) The selection of the ratios has to be relevant to the focal company so it is important to choose wisely. Quote industry financial average ratios that correlate to the 10 financial ratios selected for the focal company. You may find the industry averages by going to the library. If you are unable to find on your own, reach out to the librarian as these resources are readily available. Discuss the corporate financial standing based on a financial ratio analysis. Include whether the company's financial ratio is a strength, a weakness or a neutral factor.
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