a.
To calculate: The ratio of the Quantum Moving Company’s net income to its total assets for the years 20X1, 20X2 and 20X3, and then compare them to industry ratios.
Introduction:
The ratio of net income to total assets:
It is used to compute the
b.
To calculate: The ratio of debt to total assets of the Quantum Moving Company for the years 20X1, 20X2 and 20X3, and then compare them to the industry ratios.
Introduction:
Debt to total asset Ratio:
It shows the financial leverage of a company and the part of the assets of the company that are financed by the creditors.
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