Question
Use the balance sheet and income statement found in the HVAC-CO case on Canvas tocalculate the missing ratios (carried to 2 decimal places) for the
Use the balance sheet and income statement found in the HVAC-CO case on Canvas tocalculate the missing ratios (carried to 2 decimal places) for the 1993 column in the table. Use the 1994 calculation detail along with balance sheet and income statement todetermine the formula needed to calculate the ratios for 1993. There are 10 missingratios. Show your calculations in the last column for each of the ratios that you calculate.You may handwrite your answers in the spaces on the ratio table provided. (20 pts) ? After you complete the 10 missing ratios for 1993 think/ponder/ruminate on what each ratio attempts to measure. How is HVAC-CO doing on this measure versus prioryears? The industry average? What can we learn about the company from this information? Your written analysis (3-page maximum) must specifically address the following: What is HVACs liquidity position as measured by the current/quick ratios? Does knowledge of the companys Accounts Receivable Turnover and DSO alter (inany way) your original assessment of the firms liquidity? Why or Why not? (10 pts)
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