Use financial ratios to determine the firm liquidity, asset management, debt management, profitability and market value. Analyze the ratios of the firm over a three-year horizon and compare them with that of the industry for the most current year available. You are to interpret the ratios to describe, in words, the state of the firm relative to the five areas of performance identified above.

Debt Management 2014 2013 2012 Debt Ratio 37282/2922829 TIE Cash Cov. 31845+169397/3613 50112+163830/3940 32026+161140/3444 31787/272315 34995/277787 12 12 3.25 55.70 11746/3613 12997/3444 3.77 30479/3940 7.73 Ratio Liquidity Ratio Current Ratio 32028/292829 Quick Ratio 8603+37282/372823339+12918/349954868+12657/31797 Cash Ratio 54.3 56.09 2012 22706/272315 83 2014 2013 23196/277787 08 10 62 8603/37282 23 46 3339/34995 10 4868/31787 15 Asset Management Profit Margin ROA ROE 2014 11746/41817 28 11746/41817 04 6518/86370 072 2013 30479/28414 1.07 2012 12997/41079 31 30479/277787 1129977272315 10 18553/90988 200 04 7539/92362 078