A firm has been experiencing low profitability in recent years. Perform an analysis of the firm's financial position using the DuPont equation. The firm has no lease payments but has a $2 million sinking fund payment on its debt. The most recent industry average ratios and the firm's financial statements are as follows:

Industry Average Ratios
Current ratio	2			Fixed assets turnover	5
Debt-to-capital ratio	20	%		Total assets turnover	3
Times interest earned	5			Profit margin	3.75	%
EBITDA coverage	8			Return on total assets	11.25	%
Inventory turnover	9			Return on common equity	15.30	%
Days sales outstandinga	28	days		Return on invested capital	13.40	%
aCalculation is based on a 365-day year.

Balance Sheet as of December 31, 2021 (millions of dollars)
Cash and equivalents	$	99		Accounts payable	$	47
Accounts receivables		88		Other current liabilities		41
Inventories		187		Notes payable		70
Total current assets	$	374		Total current liabilities	$	158
				Long-term debt		29
				Total liabilities	$	187
Gross fixed assets		269		Common stock		158
Less depreciation		58		Retained earnings		240
Net fixed assets	$	211		Total stockholders' equity	$	398
Total assets	$	585		Total liabilities and equity	$	585

Income Statement for Year Ended December 31, 2021 (millions of dollars)
Net sales	$	925.00
Cost of goods sold		770.00
Gross profit	$	155.00
Selling expenses		83.50
EBITDA	$	71.50
Depreciation expense		14.00
Earnings before interest and taxes (EBIT)	$	57.50
Interest expense		6.50
Earnings before taxes (EBT)	$	51.00
Taxes (25%)		12.75
Net income	$	38.25

Calculate the following ratios. Do not round intermediate calculations. Round your answers to two decimal places.

	Firm	Industry Average
Current ratio		2
Debt to total capital	%	20	%
Times interest earned		5
EBITDA coverage		8
Inventory turnover		9
Days sales outstanding	days	28	days
Fixed assets turnover		5
Total assets turnover		3
Profit margin	%	3.75	%
Return on total assets	%	11.25	%
Return on common equity	%	15.30	%
Return on invested capital	%	13.40	%

Construct a DuPont equation, and the industry. Do not round intermediate calculations. Round your answers to two decimal places.

	Firm	Industry
Profit margin	%	3.75%
Total assets turnover		3
Equity multiplier

BOLD ANSWERS PLS (should be a balance sheet)All the X's need answers