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Quantum Moving Company has the following data. Industry information also is shown Company data Year Net Income Total Assets 20X1 $ 424,000 2,843,000 20X2 20X3
Quantum Moving Company has the following data. Industry information also is shown Company data Year Net Income Total Assets 20X1 $ 424,000 2,843,000 20X2 20X3 Industry Data on Net Income/Total Assets 14.0% 9.8 3.9 428,000 412,000 3,267,000 3,834,000 Industry Data on Debt Total Assets Year 20X1 $1,722,000 $ 2,843,000 20X2 20X3 Debt Total Assets 1,732,000 1,950,000 3,267,000 3,834,000 56.6% 42.0 38.0 a. Calculate the company's data in terms of: (Input your answers as a percent rounded to 1 decimal place.) 20X1 20X2 20X3 Net income/Total assets Debt/Total assets b. As an industry analyst comparing the firm to the industry, are you likely to praise or criticize the firm in terms of Praise/Criticize Net income/Total assets Debt/Total assets
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