2021-1 ITF 311 - Business Finance 3 MET_N MERT KORA 12/19/21 4:05 PM Homework: Homework 1 Question 4, P3-23 (simil... Part 10/28 HW Score: 0%, 0 of 100 points O Points: 0 of 25 Save Cross-sectional ratio analysis Use the financial statements for Fox Manufacturing Company for the year ended December 31, 2021. along with the industry average ratios to: a. Prepare and interpreta complete rativ analysis of the firm's 2021 Operations. Enter all ratios in decimal format. b. Summarize your findings and make recommendations. a. The current ratio is . (Round to two decimal places. Data table X Please copy and paste data from text area below. Selected delimiter. Tan Fox Manufacturing Company Income Statement for the Year Ended December 31, 2021 Sales revenue $600,000 Less: Cost of goods sold 463,000 Gross profits 5137,000 Less: Operating expenses General and administrative expenses $29,600 Depreciation expense 29, 700 Total operating expense 59,300 Operating profits 577, 700 Less: Interest expense 10,200 Net profits before taxes $67,500 Less: Taxes 15,000 Net profits after taxes (earnings available for common stockholders) $52,500 Please copy and paste data from text area below. Selected delimiter: Tab Fox Manufacturing Company Balance Sheet December 31, 2021 Assets Cash $15,000 Marketable securities 6,800 Accounts receivable 34,000 Inventories 81,700 Total current assets $137,500 Net fixed assets 266,000 Total assets $403,500 Liabilities and Stockholders' Equity Accounts payable $57,300 Notes payable 13,300 Accruals 5, 100 Total current liabilities $75,700 Long-term debt $145,200 Common stock equity (20,800 shares outstanding) $109,600 Retained earnings 73,000 Total stockholders' equity $182,600 Click the loon here in order to copy the contents of the cats table below into preadsheet) Rallo Industry average, 2021 Current ratio 2.35 Quick ratia 0.89 Inventory tutaver 4.59 times Average collection period 35.9 days Tolal assal turnover 1.11 Debratio 0.23 Tirnes intereseared 11.9 Grues profil margin 0.180 Operating profil margin 0.134 Net profit margin 0.110 Return on total assete (ROA) 0.122 Return on common equity (ROE) 0.220 Eamings per share (EPS) $8.52 "Based on a 365 day year and on and of year figures. Print Done Done Done