CHAPTER 2 Assessing Martin Manufacturingâ€sCASE Current Financial PositionTerri Spiro, an experienced budget analyst at Martin Manufacturing Company,has been charged with assessing the firmâ€s financial performance during 2006and its financial position at year-end 2006. To complete this assignment, she gatheredthe firmâ€s 2006 financial statements (below and on the facing page). In addition,Terri obtained the firmâ€s ratio values for 2004 and 2005, along with the2006 industry average ratios (also applicable to 2004 and 2005). These are presentedin the table on page 88.LG1TO DOa. Calculate the firmâ€s 2006 financial ratios, and then fill in the preceding table.(Assume a 365-day year.)b. Analyze the firmâ€s current financial position from both a cross-sectional anda time-series viewpoint. Break your analysis into evaluations of the firmâ€sliquidity, activity, debt, profitability, and market.c. Summarize the firmâ€s overall financial position on the basis of your findingsin part b.
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