11. (20 points) Given the balance sheet and income state for Simmons Maintenance Company, compute the ratios that are also shown for the industry average. The "right answer" refers to the question of whether a particular ratio for Simmons is better or worse than the industry average. oitia biup :0. 09 CET ( SIMMONS MAINTENANCE COMPANY USTUS (CI Balance Sheet Assets by so eveb 00 Liabilities foll ms asd.o Inventory Cash Accts. Receivable Current Assets $ 15,000 Accounts Payable W .000,000,88 19 $ 21,000 22,000 Notes Payable 000,082 (A 20,000 30,000 Accrued Expenses 5.000 000.0018 (E- 67,000 Current Liabilities 46,000 Net Fixed Assets 000.0022 ( 73,000 Long-term Debt Stockholders' Equity 30,000 000.082 (C 64,000 Total Assets $140,000 Total Liabilities & Stockholders' Equity $140,000 Sales (80% credit) Less: Cost of Goods Sold Gross Profit Selling and Administrative Expense Rent Expense (Lease) EBIT Interest Expense Earnings before taxes Taxes (@ 25%) Net Income Common shares outstanding EPS Ratio Profit margin Return on assets Return on equity Receivables turnover Avg. collection period Inventory turnover Fixed asset turnover Total asset turnover Current ratio Quick ratio Debt to total assets Times interest earned 19226 boxit a'mmit odT .000.0002 20.8 (A Income Statement x0.51 (8 $120,000 45,000 75,000 20,000 8,000 28,000 47,000 5,000 42,000 10,500 $ 31,500 15,000 $ 2.10 Ratios for Simmons Industry Better (B) or Average Worse (W) 17.5% 20.8% 35% 4.4x 68.0 days 3.5x 2.4x .76x 1.28 .85 .45 12.0x 3.6x Fixed charge coverage Overall, how is this company doing in relation to the industry and explain your answer.