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You have recently been hired as an internal analyst at Hone Inc., reporting directly to the owner. The owner has requested you compare the operations
You have recently been hired as an internal analyst at Hone Inc., reporting directly to the owner. The owner has requested you compare the operations and financial position of Hone Inc. with Poot Inc. Poot has already been determined to serve as a reasonable basis for comparison. Below are the comparative condensed statements of comprehensive income and comparative statements of financial position for Hone Inc. and Poot Inc. Required: In order to compare the operations and financial positions of Hone Inc. and Poot Inc. you must do the following: a. Prepare a vertical analysis on the statements of comprehensive income for both companies for 204 and 205. Required: In order to compare the operations and financial positions of Hone Inc. and Poot Inc. you must do the following: a. Prepare a vertical analysis on the statements of comprehensive income for both companies for 204 and 205. b. Calculate the following ratios for both companies for 204 and 205 : current ratio, quick ratio, debt-to-equity ratio, return on total assets, return on equity. (Round final answers to nearest percent.)
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