Leverage Ratio (Total Assets/Equity) 3.00 2.55 2.35 2.29 2.50 1.88 2.00 1.50 111] 1.00 0.50 0.00 2020 2021 Plan Industry Q24. Leverage Ratio conclusion, overall: a. The firm is leveraged, and the level is higher than the industry average. b. The firm is leveraged, but the level is lower than the industry average. c. The firm is leveraged, at the industry average level. d. The firm is not leveraged. Q25. Leverage Ratio conclusion, trend: a. Leverage increased, primarily due to a reduction in Equity. b. Leverage increased, primarily due to an increase in Liabilities. c. Leverage decreased, primarily due to an increase in Equity d. Leverage decreased, primarily due to a decrease in Liabilities. e. Not applicable (the firm is not leveraged, or the leverage has not changed) a Net Sales 100% 100% 1894 Microsoft Corporation Industry Computer and electronic product manufacturing Gr Mar 68.9% 49.2% 2% ROS 36.3% 12.9% 2794 COGS 1) 31.14 50.8% 13 Taxes 5.896 S&GA 3.09 Op. Exp 26.8% 363% ROA 19.14 7.4% 2914 09. Other Op Exp. 23.7% ROE 13.04 14.4% 2524 (:) Le Ratio 2.35 3.29 Sales 10095 100% 18 Sales/Aurels 0.50 058 6 (1) Fixed Assets 44.8% 71.4% Total Assets 100% 100% Inventory 0.8% 39% 399. Debt Hurdes 10395 85% () Cur. Assets 55.2% 28 6% Acct. Rec. 11.4% 11.0% 19% LEGEND Firm's value Industry value Firm value trend.) Ratio Name 1095 5% 20 Fim indir WANDA SAINI JAWA as a percent of Net Sales as a percent of Total Assets as a percent of Equity as a percent of Eamins Oth Cur Assets 43.196 13.796 39