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Assessing Martin Manufacturing's Current Financial Position Terri Spiro, an experienced budget analyst at Martin Manufacturing Company, has been charged with assessing the firm's financial
Assessing Martin Manufacturing's Current Financial Position Terri Spiro, an experienced budget analyst at Martin Manufacturing Company, has been charged with assessing the firm's financial performance during 2019 and its financial position at year-end 2019. To complete this assignment, she gathered the firm's 2019 financial statements (see ). In addition, Terri obtained the firm's ratio values for 2017 and 2018, along with the 2019 industry average ratios (also applicable to 2017 and 2018). These are presented in the table on historical and industry average ratios here To Do . a. Calculate the firm's 2019 financial ratios, and then fill in the table below. (Assume a 365-day year.) b. Analyze the firm's current financial position from both a cross-sectional and a time-series viewpoint. Break your analysis into evaluations of the firm's liquidity, activity, debt, profitability, and market. c. Summarize the firm's overall financial position on the basis of your findings in part (b).
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