Download the following balance sheets and use them to answer the questions below: Angels Mariners Marlins Plates Rava ents Please submit your homework assignment as a double spaced, 12 point font, Word document 1. Calculate the Current Ratio for each team in each year listed. Which team do you think was in the strongest financial situation in 2008? What about the weakest? 2. Repeat #1 above, but now calculate the Quick Ratio. What additional information does this give us about the teams? Why might the QR not mopter as much for a professional sports team as it would for a company like Nike? 3. Which of the teams was most leveraged by debt in 2008? What about 2009? And 2007? What about least leveraged by debt in each of these years? What might this signal to us about these teams? Be specific 4. Calculate the net profit margin for each team in each year round to 2 decimal places). What strategies or types of analyses would you use to understand whether the net profit margin was "high" or "low"? 5. Use this strategy/analysis to tell me a bit about each team's profit margin. If you cannot confidently answer this question, explain to me why. Is there any other information you would want? 6. Taking together all of the information above, which team in 2008 seemed to be the strongest financially? Explain why. Was this surprising to you? Why or why not? Are there any red flags for any team in any year when putting together all of the analyses above? Download the following balance sheets and use them to answer the questions below: Angels Mariners Marlins Plates Rava ents Please submit your homework assignment as a double spaced, 12 point font, Word document 1. Calculate the Current Ratio for each team in each year listed. Which team do you think was in the strongest financial situation in 2008? What about the weakest? 2. Repeat #1 above, but now calculate the Quick Ratio. What additional information does this give us about the teams? Why might the QR not mopter as much for a professional sports team as it would for a company like Nike? 3. Which of the teams was most leveraged by debt in 2008? What about 2009? And 2007? What about least leveraged by debt in each of these years? What might this signal to us about these teams? Be specific 4. Calculate the net profit margin for each team in each year round to 2 decimal places). What strategies or types of analyses would you use to understand whether the net profit margin was "high" or "low"? 5. Use this strategy/analysis to tell me a bit about each team's profit margin. If you cannot confidently answer this question, explain to me why. Is there any other information you would want? 6. Taking together all of the information above, which team in 2008 seemed to be the strongest financially? Explain why. Was this surprising to you? Why or why not? Are there any red flags for any team in any year when putting together all of the analyses above
