(9 points) Obtain Goodyear’s annual report for 2019 and 2018 (Consolidated Balance sheet starts pg..

(9 points) Obtain Goodyear’s annual report for 2019 and 2018 (Consolidated Balance sheet starts pg. 34(2019)/pg. 38(2018), Consolidated Statement of Operations/Income starts pg. 32(2019)/pg. 36(2018). Calculate the current ratio, acid-test ratio, net profit ratio, interest coverage ratio and return on equity (ROE) for the company in 2019, 2018 and 2017 (when you have the data). From the values of these ratios, discuss if the company was in a better financial position following 2019 as compared to 2018 and 2017. Explain why or why not using your calculations. Are any of the ratios that concern

»(9 points) Obtain Goodyear’s annual report for 2019 and 2018 (Consolidated Balance sheet starts pg. 34(2019)/pg. 38(2018), Consolidated Statement of Operations/Income starts pg. 32(2019)/pg. 36(2018). Calculate the current ratio, acid-test ratio, net profit ratio, interest coverage ratio and return on equity (ROE) for the company in 2019, 2018 and 2017 (when you have the data). From the values of these ratios, discuss if the company was in a better financial position following 2019 as compared to 2018 and 2017. Explain why or why not using your calculations. Are any of the ratios that concern you and why/why not? (2019, 2018 annual reports of Goodyear are provided) THE GOODYEAR TIRE & RUBBER COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS Year Ended December 31, (In millions, except per share amounus) 2018 2017 2016 Net Sales (Note 2) $15,475 $15,377 $15,158 Cost of Goods Sold 11,961 11,680 10,935 Selling, Administrative and General Expense 2,312 2.279 2,409 Rationalizations (Note 3) 44 135 210 Interest Expense (Note 4) 321 335 372 Other (Income) Expense (Note 5) (174) 70 25 Income before Income Taxes 1,011 878 1,207 United States and Foreign Tax Expense (Benefit) (Note 6) 303 513 (77) Net Income 708 365 1,284 Less: Minority Shareholders’ Net Income 15 19 20 Goodyear Net Income 693 $ 346 $ 1,264 Goodyear Net Income — Per Share of Common Stock Basic… $ 2.92 $ 1.39 $ 4.81 Weighted Average Shares

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