The following financial statements belong to International Carrier Services, for the end of its fiscal year, as of September 30, 2018.

Calculate financial ratios for international carrier services and compare them with the financial reasons provided for the haul services industry to which the evaluated company belongs.

Based on the results of the previous year and its evaluation, propose the adjustments or strategies that you understand that the company must make to be in a better financial position.

Would you invest in shares or bonds of this company? Explains.

International Carrier Services Income Statement for the Fiscal Year Ended September 30, 2018 Net sales Cost of products sold Gross margin Marketing, research, administrative exp. Depreciation Operating income (loss) Interest expense Earnings (loss) before income taxes Income taxes Net income (loss) $51,407 25,076 $26,331 15,746 758 $ 9,827 477 9,350 2,869 $ 6,481 International Carrier Services Balance Sheet as of 9/30/2018 Assets Cash and marketable securities Investment securities Accounts receivable Total inventories Prepaid expenses & other receivables Other non-current assets Total current assets $ 5,469 423 4,062 4,400 2,761 Liabilities and Stockholders' Equity Accounts payable Accrued and other liabilities Taxes payable Debt due within one year Total current liabilities $3,617 7,689 2,554 8,287 $22,147 1,925 $19,040 Long-term debt Deferred income taxes Other non-current liabilities Total liabilities 12,554 2,261 2,808 $39,770 Property, plant, and equip., at cost Less: Accumulated depreciation Net plant and equipment Net goodwill & other intangible assets Total Fixed Assets 25,304 11,196 14,108 23,900 1,526 38,008 Convertible Class A preferred stock Common stock Retained earnings Total stockholders' equity (deficit) 2,141 13,611 $17,278 Total Liabilities and Stockholders Equity Total Assets $57,048 $57,048 Ratio Industry Average International Carrier Services Current ratio Quick ratio Gross margin Profit margin Debt ratio Long-term debt to equity Time interest-earned ratio ROA ROE 2.05 0.78 23.9% 12.3% 0.23 0.98 5.62 5.3% 18.8%