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a) Compute the 2011 values of the following ratios for Argile Textiles: 2011 Values Ratio Argile Industry Current ratio ? 3.9x Days sales outstanding ?

a) Compute the 2011 values of the following ratios for Argile Textiles: 2011 Values Ratio Argile Industry Current ratio ? 3.9x Days sales outstanding ? 33.5 days Inventory turnover ? 7.2x Fixed assets turnover ? 4.1x Debt ratio ? 43.0% Net profit margin ? 4.6% Return on assets ? 9.9% (20 points) b) Briefly comment on Argiles 2011 financial position. Can you see any obvious strengths or weaknesses? (5 points)

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