Review the Lamar Swimwear Case in the Comprehensive Problem Section of your Text.

What comments and recommendations do you offer to Mr. Adkins? Be sure to use specific ratio analysis to support your conclusions.

y the Exhibiti Sales talon credin Cost of goods sold Gross profit Sling and Operating prot EBIT Interest Netcombo Ta Not Income Shar Lamang peran LAMAR SWIMWEAR Income Sheet 20X1 $1,200,000 800,000 $ 400,000 239,000 $ 160,100 35,000 $ 125,100 36,900 S 88 200 30,000 $2.04 20X2 $1,500,000 1,040,000 $ 60,000 274,000 $180,000 45.000 $ 141.000 49.200 $ 91,000 30,000 20x3 $1,875,000 1.310,000 $ 565.000 304.700 $ 260,300 85,000 $ 175,300 55.000 $ 119.700 38,000 $3.15 parch Exhibit 2 20x2 $ 40.000 25.000 259,000 261,000 $ 585,000 765.000 $1.350.000 20x3 $ 30,000 30.000 300,000 200,000 $ 710,000 1,300.00 $2.100.000 LAMAR SWIMWEAR Balance Sheet Assets 20X1 Cash $ 30.000 Marketable souri 20.000 Accounts receivable 170.000 Inventory 200 000 Totalcuno $450,000 Ne plant dem 650.000 Tow $1.100.000 Liabilities and Stockholders' Equity Accounts payable $ 200.000 Accued expenses 20,400 Tot current $ 220,000 Long tables 325.000 Tout $ 545.400 Common lock $2 par 50,000 Captapadiness of par 190,000 Retained wings 304 600 Total stockholequly $ 554.600 Totalbines and stockholders'oquity $ 310,000 30.000 $ 340,000 1,500 $ 700.000 60,000 190.000 390.600 $646.000 $ 505,000 35,000 $ 500,000 7000 $1.243.900 76.000 264.000 510,100 $ 150.000 32 100 000 Exhibit 3 Selected industry Ratios 2011 12.00% Growth in se Profit margin Faturn on vesterin 20x2 10.00N 7. 8.86 7.71 7.04 1431 9.COM 1601 40.6 Recebe over Average otection period vertory tumo Fixed asset over Totale turnover Current ratio 16 38.7 day 5.11 TSX 1.12 2.40% 225 13 10 De 100 The West and Fedge cover Growth in EPS 10.10