1 1:46:33 Book The income statement and balance sheet for HOYT, Inc. are provided below. (Note that the reported figures

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1 1 46 33 Book The Income Statement And Balance Sheet For Hoyt Inc Are Provided Below Note That The Reported Figures 1 (62.03 KiB) Viewed 28 times

1 1 46 33 Book The Income Statement And Balance Sheet For Hoyt Inc Are Provided Below Note That The Reported Figures 2 (66.09 KiB) Viewed 28 times

1 1 46 33 Book The Income Statement And Balance Sheet For Hoyt Inc Are Provided Below Note That The Reported Figures 3 (76.94 KiB) Viewed 28 times

1 1 46 33 Book The Income Statement And Balance Sheet For Hoyt Inc Are Provided Below Note That The Reported Figures 4 (67.75 KiB) Viewed 28 times

1 1:46:33 Book The income statement and balance sheet for HOYT, Inc. are provided below. (Note that the reported figures are expressed in thousands of dollars). receivable Current assets Cash Accounts Inventory Total HOYT, INC. Balance Sheets as of December 31, 2020 and 2021 (in 000s) Fixed assets Assets Total assets Net plant and equipment 2020 2021 $ 210 $ 180 325 325 180 315 $715 $820 $1,500 $1,650 $2,215 $2,470 Liabilities and Owners' Equity Current liabilities Accounts payable $250 $300 Notes payable 260 260 Total Long-term debt Owners' equity Common stock Accumulated retained earnings 2020 2021 Total Equity Total liabilities and owners' equity $510 $ 560 $1,000 $1,120 $305 $282 400 508 $705 $ 790 $2,215 $2,470

5:17 HOYT, INC. 2021 Income Statement (in 000s) Sales Cost of goods sold Depreciation EBIT Interest paid Taxable income Taxes Net income Dividends $180 Retained 108 earnings $ 1,350 850 40 $ 460 95 $ 365 77 $ 288 Requirement #1: Calculate each of the following ratios for HOYT, Inc. for 2021 only and complete the table below. (Do not round intermediate calculations. Round your answers to 4 decimal places (e.g., 0.9173 or 2.1648). Input profit margin, return on assets, and return on equity as percentages (e.a. if the Profit Margin-04576, input your swees

05 a. Current ratio b. Quick ratio c. Total asset turnover d. Inventory turnover e. Total debt ratio f. Equity Multiplier g. Times interest earned ratio h. Profit margin 1. Return on assets J. Return on equity 2021 Asset Use Efficiency Operating Efficiency Liquidity times times times times times times % de de de % % Industry Average 1.3504 (Click to select) (Click to select) (Click to select) 0.8652 0.4075 Requirement #2: Use the ratios you calculated in Requirement #1 and the industry averages given in the table above to determine if HOYT, Inc. is "above average" or "below average" in each of the following areas of financial performance. 1.7699 0.6993 3.3259 10.2115 25.42% 10.36% 34.45%

5:51 Asset Use Efficiency Operating Efficiency Liquidity Shareholder Return Financial Leverage (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) Requirement #3: Based on DuPont analysis, how would you explain the difference in the return on equity (ROE) for HOYT, Inc. vs. the industry as a whole in 2021 (1.e., why is the ROE for HOYT higher/lower than the ROE for the average firm in the industry)?