a need help with calculating the companys data in terms of Q

(a) need help with calculating the company\'s data in terms of:

Quantum Moving Company has the following data. Industry information also is shown Company data Total Assets 20X1 393,000 2,889,000 3,288,000 3,755,000 Industry Data on Net Income/Total Assets 11.6% 7.2 4.9 Year Net Income 20X2 20X3 409,000 392,000 Industry Data on Debt/Total Assets 623% Year 20X1 $ 1,670,000 $ 2,889,000 20X2 20X3 Debt Total Assets 40.0 1,754,000 1,948,000 3,288,000 3,755,000 30.0 a. Calculate the company\'s data in terms of: (Input your answers as a percent rounded to 1 decimal place.) 20X1 20X2 20X3 Net income/Total assets Debt/Total assets b. As an industry analyst comparing the firm to the industry, are you likely to praise or criticize the firm in terms of Praise/Criticize Net income/Total assets Debt/Total assets

Solution

Year Net Income Total Assets Net Income/ Total Assets 20X1 393000 2889000 13.60% (393000/2889000)*100 20X2 409000 3288000 12.4% (409000/3288000)*100 20X3 392000 3755000 10.4% (392000/3755000)*100 Year Debt Total Assets Debt/ Total Assets 20X1 1670000 2889000 57.8% (1670000/2889000)*100 20X2 1754000 3288000 53.3% (1754000/3288000)*100 20X3 1948000 3755000 51.9% (1948000/3755000)*100 Answer is part (a) 20X1 20X2 20X3 Net Income/ Total Assets 1.4% 12.4% 10.4% Debt/ Total Assets 57.8% 53.3% 51.9% Answer to part (b) Praise/Criticize Net Income/ Total Assets Praise Debt/ Total Assets Criticize