SELF$-$TEST QUESTIONS

$6\mathrm{.}1$ Profitability analysis.

The financial statements of Allied & Consolidated Clothier $($ACC$),$ a manufacturer of coats and other garments, are shown below. ACC's operational efficiency and liquidity position are analyzed in Chapter $5.$ The income statements span a calendar year, and balance sheets are dated December $31.$ All figures are in millions of dollars.

$\backslash$table$[[$Balance Sheets $($in millions$)],[$Year End,Year $-2,$Year $-1,$Year $0,,$Year $-2,$Year $-1,$Year $0],[$Cash$,$$$100,$$$90,$$$50,$Short$-$term debt,$$80,$$$90,$$$135$