90 Points Question 11 X Parker Corporation is a machinery manufacturing company located in Morganton, NC, USA. The company's management wanted to measure their performance compared to the industry (Table 2). A) Using the latest financial statements, which is given below on (Table1) calculate the following performance measures: (6 marks) 1. Current Ratio 2. Quick Ratio 3. Average Collection Period 4. Operating Return on Assets 5- Debt Ratio 6. ROE B) Interpret the results (refer to Table 2). (3 Marks) Table Fancial Statements Parker Corporation BO Financial Statements For the year eaded December 31, 2019 Balance Sheet Income Statement Cash ents receivable 5181000 120.000 440,000 Rates Galleri Cost of goods sold Operating experte 37.200 000 (36-40.000) (2.520.000) Table 1: Financial Statements Parker Corporation Financial Statements For the year ended December 31, 2019 Balance Sheet Income Statement Assets: Cash $184,000 Sales (all credit) $7,200,000 Accounts receivable 320,000 Cost of goods sold (3,640,000) Inventory 440,000 Operating expense (2,520,000) Net fixed assets 1,800,000 Operating profit 000 Total assets $2,744,000 Interest expense (160,000) Income taxes (344,000) Liabilities and owners' equity: Net income $536.000 Accounts payable $160,000 Long-tem Notes payable 360,000 Long-term debt 864,000 Owners' Equity 1,360,000 Total liabilities and owner's equity $2,744,000 Eamings Per Share 1.76 Market price per share = 25 Table 2: Industry Average Industry Average 6.1 3.80 Ratio Current Ratio Quick Ratio Average Collection Period Operating Retum on Assets Debt Ratio ROE 18 Days 4096 5196 45.3396