Assignment:
Marty's Convenience Store Questions
Income Statement:
1. How does Marty's Gross Profit compare to his industry? What dollar amount is he over or under?
2. What is the break-even sales amount?
3. How would you describe his ability to manage the costs of running the business?
4. How is his profit compared to others during 2002?
Balance Sheet:
1. Flow does his cash position compare to his peer group? Under or over by how much?
2. How would you describe his inventory level? Too high or low, by how much?
3. How's his current liabilities compare to industry averages. High or low by how much?
4. How's his total debt compare? I sigh or low by how much?
5. What are your recommendations for Marty?
Attachment:- Income statement.rar