16.The industry in which Tyler is a member has an average return on equity of 10%. For 2010, determine how Tyler compares.
17.The industry in which Tyler operates has an average current ratio of 2.1 on December 31, 2010. Comment on Tyler’s solvency compared to the industry average as measured by its current ratio.
18.The industry in which Tyler is a member has an average debt/equity ratio of 0.98. Determine if, as measured by Tyler’s debt/equity ratio on December 31, 2010, Tyler is taking full advantage of investing borrowed capital in its operations relative to that of the average firm in its industry.
19.Using the two solvency ratios (current and quick), indicate whether Tyler's solvency position improved or deteriorated during 2010.
20.Monroe Company has total assets, liabilities, and shareholders' equity of $30,000, $23,000, and $7,000, respectively. Assume no material change occurred during the year to totals on the balance sheet. What amount of long-term debt must Monroe exchange for new shares of common stock issued in order to decrease its debt/equity ratio to 1.0?