8 For Bharati Company compare and comment whether the company is doing well with respect to given Industry average for 2016: Current Ratio -2.05, Inventory turnover in days - 55.3 days. Average Collection Period - 44.3 days, Debt Ratio -40%. Bharati Company Balance Sheet (Rs. 000) Assets For the years ended December 31 2021 Current Assets: Cash 363 Marketable securities 68 Accounts receivable 503 Inventories 289 Total Current assets 1,223 Gross Fixed assets Land and buildings 2,072 Machinery and equipment 1,866 Furniture and fixtures 358 Vehicles 275 Other (financial leases) 98 Total gross fixed assets 4,669 Depreciation 2.295 Net fixed assets 2,374 Total assets 3,597 Liabilities and Stockholder's Equity Current Liabilities Accounts payable 382 Notes payable 79 Accruals 159 Total Current liabilities 620 Long term debts 1,023 Total liabilities 1.643 Stockholder's Equity 1,954 Total Liabilities +Stockholder's 3,597 Equity Cost of Goods sold 2,088 Annual Sales 3,074