2. Given the balance sheet and income state for Simmons Maintenance Company, compute the ratios that are also shown for the industry average. For each ratio, indicate whether Simmons is better or worse than the industry average. . (13. Marks) Ratlo Ratios for Simmons Industry Average Better (B) or Wense (W) SIMMONS MAINTENANCE COMPANY Balance Shest Profit margin Return on assets Return on equity Receivables turnover Avg. collection period Inventory turnover Fixed asset turnover Total act turnover Current ratio Quick ratio Debt to total assets Times interest cared Fixed charge coverage Lisbilities $ 15.000 Accounts Payable 22.000 Notes Payable 30.000 Acered Expenses 67,000 Current Liabilities 73.000 Long-term Dcht Stockholders' Equity Cash Aects Receivabi Inventory Current Assets Net xed Assets 17.39 20.89 35%. 4.4 68.0 days 3.5x 2. 4x .76x 1.28 85 45 12.0 3.6% $ 21.000 20.000 5.000 46,000 30,000 64.000 Total Assets S140.000 Total Liabilities & Stockholders' Equity $140,000 Income Statement $120,000 350 5000 20,000 Sales (0 credit) Low Cost of Goods Sold Cross Profit Selling and Administrative Eqene Rent En case) ERIT Interest Expense Earnings before taxes Taxes (35) Net Income 2000 SO SIS Common shares outstanding EPS 13.00 S10 2 @ W