11. Now that we have determined there might be an operational issue, efficiency ratios should be used to further drill down into the data. Use the Associated Industries Balance sheet and Profit and Loss to calculate the efficiency ratios and working capital for 2016 and 2017. (Make sure to label all your answers appropriately.) 18. Define what Asset Turnover tells you and use the data you calculated to discuss what has happened to Asset Turnover and how that will affect the business. Answer: 19. Define what working capital tells you and use the data you calculated to discuss the change in Working Capital and explain how this affects the operations of the company its needs for funding