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Use the given balance sheet and income statement and calculate the following ratios from the table then compare it to the industrys average by commenting

Use the given balance sheet and income statement and calculate the following ratios from the table then compare it to the industrys average by commenting in the last column.

Balance Sheet

Assets Liabilities and Equity

image text in transcribed

Income Statement

image text in transcribed

Ratio	Calculated Value	Industry Average	Comment
Current ratio		2
Net profit margin		1.2%
Return on common equity		9%

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