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(Ratio analysis) The financial statements and industry norms for Pamplin Inc. are shown in the popup window: a. Compute the ratios in the popup window,
(Ratio analysis) The financial statements and industry norms for Pamplin Inc. are shown in the popup window: a. Compute the ratios in the popup window, , for 2017 and 2018 to compare both against the industry norms. b. How liquid is the firm? c. Are its managers generating an adequate operating profit on the firm's assets? d. How is the firm financing its assets? e. Are its managers generating a good return on equity? Note: 15% of sales are cash sales, with the remaining 85% being credit sales. a. Compute the following ratios for 2017 and 2018 to compare both against the industry norms. (Round the numbers to two decimal places and select your evaluation from the drop-down menu.) Pamplin Inc. Balance Sheet at 12/31/2017 and 12/31/2018 LIABILITIES AND OWNERS' EQUITY Pamplin Inc. Income Statement for Years Ending 12/31/2017 and 12/31/2018 Data table (Click on the following icon in order to copy its contents into a spreadsheet.)
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