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Kwik Express Specializes in the Overnight Transportation of Medical Equipment \bullet

question 49

Essay

Kwik Express specializes in the overnight transportation of medical equipment and laboratory specimens. The company has selected the following information from its most recent annual report to be the subject of an immediate press release.
\bullet The financial statements are being released.
\bullet Net income this year was $2.1 million. Last year's net income had been $2.0 million.
\bullet The current ratio has changed to 2:1 from last year's 1.5:1
\bullet The debt/total assets ratio has changed to 4:5 from last year's 3:5
\bullet The company expanded its truck fleet substantially by purchasing ten new delivery vans. The company already had twelve delivery vans.
\bullet The company is now the largest medical courier in the mid-Atlantic region.
Required:
Prepare a brief press release incorporating the information above. Include all information. Think carefully which information (if any) is good news for the company, and which (if any) is bad news.

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Definitions:

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