27 The following information is provided for ANGEL-LOGISTICS, a logistics group located in USA that is listed in the stock exchange. You may also find the relevant industry information. Industry Averages 2016 2017 2018 2019 2020 Current Ratio 1.85 1.70 1.69 1.59 1.64 Acid-test Ratio 1.20 1.25 1.12 1.14 1.18 Accounts Receivable Collection Period (in days) 22 24 23 25 Fixed Asset Turnover Ratio 0.50 0.60 0.63 0.66 0.68 Debt to Equity Ratio 1.20 1.24 1.25 1.30 1.33 Gross Profit Margin 0.50 0.52 0.48 0.44 0.47 Net Profit Margin 0.10 0.12 0.10 0.11 0.12 Return on Assets 0.17 0.18 0.17 0.16 0.15 Return on Equity 0.19 0.21 0.22 0.24 0.25 Earnings per Share 0.30 0.32 0.35 0.34 0.36 Price-Earnings ratio 15.00 16.70 18.10 17.30 16.80 ANGEL-LOGISTICS Current Ratio Acid - test Ratio Accounts Receivable Collection Period (in days) Fixed Asset Turnover Ratio Debt to Equity Ratio Gross Profit Margin Net Profit Margin Return on Assets Return on Equity Earnings per Share Price-Earnings ratio 2016 2017 2018 2019 2020 2.20 2.13 2.01 1.92 2.08 1.54 1.48 1.37 1.25 1.42 17 14 22 23 44 0.60 0.70 0.40 0.37 0.35 1.00 1.04 1.10 1.19 1.30 0.32 0.31 0.34 0.36 0.37 0.15 0.17 0.15 0.14 0.17 0.10 0.11 0.09 0.12 0.14 0.23 0.26 0.27 0.30 0.28 0.10 0.13 0.17 0.20 0.22 17.00 20.30 23.00 24.50 22.50 Activities: Based on ANGEL-LOGISTICS financial ratios as well as the industry averages provide an analysis on ANGEL-LOGISTICS financial condition. Would you invest on ANGEL-LOGISTICS as a potential shareholder (your answer on subject 2 should not exceed 500 words)? Clarifications: a) Ascertain through your little report that one realized your understanding of the importance of each ratio, b) Make sure you briefly comment on the results provided for each category of ratio, c) Relate your comments with industry information