Tamarisk Inc. manufactures a variety of consumer products. The company's founders have run the company...
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Tamarisk Inc. manufactures a variety of consumer products. The company's founders have run the company for years and are now interested in retiring. Consequently, they are seeking a purchaser who will continue its operations, and a group of investors, Morgan Inc., is looking into the acquisition of Tamarisk. To evaluate its financial stability and operating efficiency, Tamarisk was requested to provide the latest financial statements and selected financial ratios. Summary information provided by Tamarisk is as follows.
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