1. The Walton Corporation's 2019 financial statements follow, along with some industry average ratios Walton Corporation: Balance Sheet as of December 31, 2020 Assets Cash $ 72,000 Accounts receivable 4,39,000 Inventories 894,000 Total current assets $ 1,405,000 Fixed assets 4,31,000 Total assets $1,836,000 Liabilities and Equity Accounts and notes payable $ 432,000 Accruals 170.000 Total current liabilities $ 602,000 Long-term debt 404,290 Common stock 575,000 Retained earnings 254.710 Total liabilities and equity $1,836,000 Walton Corporation: Income Statement for 2020 Sales Cost of goods sold Selling, general , and administrative expenses Depreciation Earnings before taxes (EBT) Taxes (40%) Net income $4,290,000 3,580,000 370,320 159.000 $ 180,680 72,272 S 108,408 Per Share Data EPS Cash dividends per share PE ratio Market price (average) Number of shares outstanding $ 4.71 $0.95 5 $ 23.57 23,000 Industry Financial Ratios (2020) 1.0 2.7 70 Quick ratio Current ratio Inventory turnover Total assets turnover Return on assets Return on equity Debt ratio Gross Profit margin Net Profit margin PE ratio 2.6 9.1% 18.2% 50.0% 20% 3.5% 6.0 Questions (10): Calculate Walton's 2020 ratios (Quick Ratio, Inventory turnover, ROE, Debt Ratio, Gross Profit Margin): interpret them and compare them with the industry average data. (Just write whether the ratio is better worse than the industry average)