Problem:
The Vanguard Group, Inc. has compiled the following financial statements and comparative financial ratios for the year-end review.
Required:
Question 1: Calculate the firm's 2012 financial ratios.
Question 2: Analyze the firm's performance from both time-series and cross-sectional viewpoints.
Question 3: Comment on the firm's overall financial condition and performance.
Note: Please provide reasons to support your answer.