2. Assess the performance of SCI using the ratios below. Provide a thorough analysis that analyses the results as well as the usefulness of each ratio. In your responses, include any recommendations that may help the company to improve its performance: 1. Current Ratio 2. Quick Ratio 3. Debt Ratio 4. Return on Assets 5. Return on Equity 6. Receivables Turnover 7. Fixed Assets Turnover 8. Total Assets Turnover 9. Profit Margin 10. Gross Profit Margin Assets Current Assets: Cash Accounts Receivable Inventory Total Current Assets Fixed Assets: Property, Plant & Equipment Less: Accumulated Depreciation Net Fixed Assets 600,000 300,000 900,000 Sargassum Caribbean Incorporated Balance Sheet as at December 31, 2020 Liabilities Current Liabilities 200,000 Accounts Payable 400,000 Notes Payable 900,000 1,500,000 Total Current Liabilities Long-Term Liabilities: 1,200,000 Long-Term Debt 1,000,000 Total Long Term Liabilities 200,000 Owners' Equity: Common Stock (S1 Par) Capital Surplus Retained Earnings Total Owners' Equity 1,700,000 Total Liabilities & Owners' Equity 300.000 300,000 100,000 300,000 100.000 500,000 Total Assets 1,700,000 Sargassum Caribbean Incorporated Income Statement for Year Ending December 31, 2020 Sales 2,500,000 Less: Cost of Goods Sold 800,000 Less: Administrative Expenses 100,000 Less Depreciation 104.000 Earnings Before Interest and 1,496,000 Taxes Less: Interest Expense 20.000 Taxable Income 1,476,000 Less: Taxes 663.000 Net Income 813,000 Dividends 417.000 Addition to Retained Earnings 396,000