642 Healthcare Finance Liabilities and Shareholders' Equity Current Liabilities: Accounts payable $ 72,250 Accrued expenses 192,900 Notes payable 100,000 Current portion of long-term debt 80,000 Total current liabilities 445,150 Long-term debt $ 1,700,000 Shareholders' Equity: Common stock, $10 par value $ 100,000 Retained earnings 257,842 Total shareholders' equity $ 357,842 Total liabilities and shareholders' equity $ 2,502,992 a. Perform a Du Pont analysis on Green Valley. Assume that the industry average ratios are as follows: Total margin 3.5% Total asset turnover 1.5 Equity multiplier 2.5 Return on equity (ROE) 13.1% b. Calculate and interpret the following ratios: Industry Average Return on assets (ROA) 5.2% Current ratio 2.0 Days cash on hand 22 days Average collection period 19 days Debt ratio 71 % Debt-to-equity ratio 2.5 Times interest earned (TIE) ratio 2.6 Fixed asset turnover ratio 1.4