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

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28. Quantum Moving Company has the following data. Industry information also is
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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Net Income

Total Assets




Net Income / Total Assets

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