Discuss significant lines from the financial statements

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Please refer to the attached income statement and balance sheet

Select significant lines from the financial statements and provide an observation of their trends (Is the account increasing or decreasing in value? What does this mean?)

Provide a financial ratio analysis of the company using: (1) Gross profit margin, (2) Current ratio, and (3) Debt ratio. Gross profit margin is 91.0% (very significant). The current ratio is 1.56 (under 2.5). The debt ratio is 63.0% (moderate to high leverage).

Provide a narrative about, and observations of, significant lines from the financial statements.

Discuss what limitations exist with the informational material provided.

Reference no: EM131772601

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