4 wines distilled alcoholic beverages 697 44 womens

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Unformatted text preview: ing industries Wholesaling industries Retailing industries Autos, new and used Department stores 52.8 2.3 Restaurants 92.5 2.3 Service industries Accounting, auditing, bookkeeping 68.4 5.6 Advertising agencies 81.3 4.2 Auto repair—general 75.9 2.5 Insurance agents and brokers 94.1 4.1 Source: RMA Annual Statement Studies, 2001–2002 (fiscal years ended 4/1/00 through 3/31/01) (Philadelphia: Robert Morris Associates, 2001). Copyright © 2001 by Robert Morris Associates. Note: Robert Morris Associates recommends that these ratios be regarded only as general guidelines and not as absolute industry norms. No claim is made as to the representativeness of these figures. CHAPTER 11 FOCUS ON PRACTICE Leverage and Capital Structure Enron Plays Hide and Seek with Debt Enron Corp.’s December 31, 2000, balance sheet showed long-term debt of $10. 2 billion and $300 million in other financial obligations. These figures gave the company a 41 percent ratio of total obligations to total capitalization. That didn’t seem out of lin...
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