View the step-by-step solution to: 28. Quantum Moving Company has the following data. Industry

28. Quantum Moving Company has the follo...
28. Quantum Moving Company has the following data. Industry information also is
shown.
Company Data Industry Data on
Year Net Income Total Assets Net Income/Total Assets
2008 $ 350,000 $2,800,000 11.5%
2009 375,000 3,200,000 8.4
2010 375,000 3,750,000 5.5
Year Debt Total Assets
Industry Data on
Debt/Total Assets
2008 $1,624,000 $2,800,000 54.1%
2009 1,730,000 3,200,000 42.0
2010 1,900,000 3,750,000 33.4
As an industry analyst comparing the firm to the industry, are you likely to
praise or criticize the firm in terms of:
a. Net income/Total assets.
b. Debt/Total assets.

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