A friend of yours is thinking of purchasing shares in Petit Ourson SA in the near future, and decided that it would be prudent to examine its financial statements for the past two years before making a phone call to his stockbroker. The statements are shown below.
Your friend has asked you to help him conduct a financial ratio analysis. Fill out the financial ratio information on a copy of the third table on the next page. After comparison with industry standards, what advice would you rive your friend?
