Problem: Use the Accounting Framework, Financial Statements, and Some Accounting Concepts by William J. Bruns, Jr.
• Compute a common-sized income statement and balance sheet for the years presented. (2001, 2002, 2003)
o State your findings from the analysis.
• Compute the following ratios and interpret them for the years presented:
o Return on assets
o Return on equity
o Asset turnover
o Current ratio
o Debt ratio
o Net profit margin
o Show your computation.
o State the meaning of your analysis.
• State your total recommendation based on the analysis you performed.