8. Gleason Company and Henry Company are similar and similar-sized companies operating in the same industry. At the end of the most recent year, Gleason's price/earnings ratio was 22.0, and Henry's...

8. Gleason Company and Henry Company are similar and similar-sized companies operating in the same industry. At the end of the most recent year, Gleason's price/earnings ratio was 22.0, and Henry's price/earnings ratio was 14.2. What conclusion would you draw based on the difference in price/earnings ratios for the two companies?

9. Discuss the limitations that affect financial statement analysis.

10. Describe the differences between the liquidity ratios, solvency ratios and profitability ratios. Identify examples of each type of ratio as well.