I need help with the following. I have attached the excel sheet which include the requirements.
1.Prepare a common-size income statement and balance sheet for McDonough Products. The first column of each statement should present McDonough Products’ common-size statement, and the second column should show the industry averages.
2.For the profitability analysis, compute McDonough Products’ (a) ratio of gross profit to net sales (b) ratio of operating income to net sales, and (c) ratio of net income to net sales. Compare these figures with the industry averages. Is McDonough Products’ profit performance better or worse than the average for the industry?
3.For the analysis of financial position, compute McDonough Products’ (a) Current ratio and (b) Debt ratio. Compare these ratios with the industry averages. Is McDonough Products’ financial position better or worse than the average for the industry?
Recently Asked Questions
- Please help me write this 5 pages essay. I upload the essay prompt and the e-book that you should use. You need to find at least total 4 sources from the
- Please explain in detail your answer and how you got it, thanks.
- Project Management Software Report The company you work for has grown in size in a very short time. Due to the scale and type of projects coming in, there is a