Use Apparels financial statements in Exercise 12-65 and the information below to respond to the following requirements.

Question:

Use Apparel’s financial statements in Exercise 12-65 and the information below to respond to the following requirements.


Use Apparel’s financial statements in Exercise 12-65 and the information below to


Required:
1. Compute the four stockholder ratios for 2008 and 2009.
2. Indicate whether there were significant changes in these ratios between the years ended December 31, 2009, and December 31, 2008. Determine whether the stockholder ratios suggest that Apparel was a better investment at December 31, 2009, or December 31,2008.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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