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Quantum Moving Company has the following data. Industry information also is shown. Company Data Industry Data on Year Net Income Total Assets Net...

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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Top Answer

Hi I am enclosing the solution file. In case of any other requirement, please... View the full answer

8411584_Solution.docx

Solution
Net
Income /
Industry
Year
Net Income Total Assets
Total
Average
Assets
2008
350,000
2,800,000
12.50%
11.50%
2009
375,000
3,200,000
11.72%
8.40%
2010
375,000
3,750,000
10.00%
5.50% praise...

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