A balance sheet and income statement for a hypothetical company are shown below in this year and the previous year. Using the company information provided, calculate the current year ratios. Discuss how these ratios compare with the company's performance last year and with the industry's performance. Sample Balance Sheet Current Previous Year year year Assets $105 Cash and marketable securities Receivables Inventories $95 195 205 310 290 Total current assets 620 580 1.800 360 $1,700 340 Gross property, plant, and equipment Accumulated depreciation Net property, plant, and equipment Total assets 1.440 1,360 $1,940 S2.060 Liabilities $90 Payables Long-term debt Current portion of long-term debt $110 160 140 55 45 at 10 biti 225 075 Liabilities $90 $110 160 140 Payables Long-term debt Current portion of long-term debt Current liabilities 55 45 325 $275 610 $690 Long-term debt Deferred taxes 105 95 300 300 400 400 Common stock at par Additional paid in capital Retained Earnings Common shareholders equity Total liabilities and equity 320 180 880 1,020 $2060 $1,940 Sample Income Statement Current Year year $4,000 3,000 1,000 650 Sales Cost of goods sold Gross profit Operating expenses Operating profit Intertest expense Earnings before taxes Taxes Net income 350 50 300 100 200 Common dividends 60 Financial Ratio Template Current Year Last Year Industry 1.5 Current ratio 2.1 1.1 0.9 18.9 18.0 10.7 12.0 2.3 2.4 14.5 11.8 Quick ratio Days of sales outstanding Inventory turnover Total asset turnover Working capital turnover Gross profit margin Net profit margin Return on total capital Return on common equity Debt-to-equity Interest coverage 29.3% 27.4% 5.8% 21.1 % 24.1% 6.5% 22.4% 19.89% 35.7% 9.2 99.4% 5.9