The income statement and balance sheet for HOYT, Inc. are provided below. (Note that the reported figures are expressed

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The Income Statement And Balance Sheet For Hoyt Inc Are Provided Below Note That The Reported Figures Are Expressed 1 (37.37 KiB) Viewed 43 times

The Income Statement And Balance Sheet For Hoyt Inc Are Provided Below Note That The Reported Figures Are Expressed 2 (44.07 KiB) Viewed 43 times

The Income Statement And Balance Sheet For Hoyt Inc Are Provided Below Note That The Reported Figures Are Expressed 3 (34.91 KiB) Viewed 43 times

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

HOYT, INC. 2021 Income Statement (in 000s) Sales Cost of goods sold Depreciation EBIT Interest paid Taxable income Taxes Net income Dividends Retained earnings $ 180 108 $ a. Current ratio b. Quick ratio c. Total asset turnover d. Inventory turnover e. Total debt ratio $ SA SA $ 1,350 850 40 f. Equity Multiplier g. Times interest earned ratio h. Profit margin 1. Return on assets J. Return on equity 460 95 365 77 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.g., if the Profit Margin = 0.1576, input your answer as 15.76). Industry Average 1.3504 0.8652 288 2021 times times times times times times % % % 0.4075 1.7699 0.6993 3.3259 10.2115 25.42% 10.36% 34.45%

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. 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 (i.e., why is the ROE for HOYT higher/lower than the ROE for the average firm in the industry)? I