a) Current Ratio (Industry Average is 2.4) b) Quick Ratio (Industry Average is 1.5) C) Inventory Turnover (Industry Average is 100 days) d) Accounts Receivable Tumover (Industry Average is 59 days) e) Earnings Per Share (Industry Average is $2) 22 f) Price-Earnings Ratio (Industry Average is 5) Data: Cash = $91,000 8 A/R = $45,000 A/P = $99,000 15 Supplies - $1000 Equipment = $400,000 422 Wages Payable - $6000 Inventory = $110,000 CH 29 Net Credit Sales - 5600,000 Cost of Goods Sold - $220,000 Average Common Shares 500.000 Net Income $1.200.000 Market Price Per Share 59 Mortgage Payable - $100,000 Preferred Dividends - $50,000 Note: Explain the meaning behind your answers. Be sure to compare to industry averages 27-02-01 counting