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Top picture is a clear picture of questions 1 and 2 The popularity ot soccer as a par- ticipation sport attracted Leo Hernandez and Gil
Top picture is a clear picture of questions 1 and 2
The popularity ot soccer as a par- ticipation sport attracted Leo Hernandez and Gil Ferguson to open an indoor soccer arena with retail shops selling soccer-related merchandise. Last year's finan- cial statements for their business OnGoal are shown here. Leo and Gil are hoping to expand their busi ness by opening another facility. However, before they approach banks or potential investors, they need to look closely at what the accounting statements show them. Questions 1. Calculate liquidity, activity, leverage, and profitability ratios for OnGoal. 2. Pair off and compare your ratios. Discuss which of the ratios look weak and which look positive. Develop a one-page explanation of the company's ratios that you can show to potential lendersStep by Step Solution
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