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The Layanda Furniture Company, a manufacturer and wholesaler of high quality home furnishings has experienced low profitability n recent years. As a result, the board
The Layanda Furniture Company, a manufacturer and wholesaler of high quality home furnishings has experienced low profitability n recent years. As a result, the board of directors has replaced the president of the firm with a new president. Ehabeth Brannigan who has asked you to make an analysis of the firm's financial position. The most recent industry average ratios and Lavanda's financial statements are as follows: The Lavanda Fumiture Company. Balance Sheet as, of December 31. 2021S (S millions) The Lavanda Fumiture Company, Income Statement for the year ended December 31,2021{ S million, } Requirements a) Calculate the indicated ratios for Company. b) Outline Company's strengths and weaknesses as revealed by your analysis
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