1. Calculate the ratios indicated in the blue cells. Then indicate whether Abco's financial categories are better or worse than the industry. 400,000 LIABILITIES & STOCKHOLDER EQUITY Accounts Payable 5 600,000 ASSETS Cash $ Accounts Receivable $ Inventory $ Total Current Assets $ Notes Payable $ 1,400,000 1,600,000 2,000,000 4,000,000 Total Current Liabilities $ 2,000,000 Net Fixed Assets $ 18,000,000 L-T Debt Total Liabilities Stockholder Equity S $ 6,500,000 8,500,000 13,500,000 S Total Assets $ 22,000,000 Total Liabdities & SE $ 22,000,000 Abce Industry Averare 1.2 Current Ratio Total Asset TO 11 Debt Ratio 0.51 Income Statement Sales S 33,000,000 COGS $ 22,000,000 Other Expenses $ 2,200,000 Depreciation s 1,000,000 EBIT $ 7,800,000 Interest S 1,000,000 Taxable income $ 6800,000 Taxes (409) S 2,040,000 Net Incorne s 4,760,000 Dividends $ 1,000,000 Retained Earnings s 3,760,000 NPM 6.15% ROE 18.85% Consider the following categories and indicate whether Abse Corporation is better or worse than the industry average. Enter an X in the correct cell. Better Worse Liquidity Asset Management Debt Management Profitability