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 $3 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	5.17x		Fixed assets turnover	7.52x
Debt-to-capital ratio	14.74%		Total assets turnover	3.54x
Times interest earned	19.06x		Profit margin	4.68%
EBITDA coverage	11.01x		Return on total assets	17.76%
Inventory turnover	11.06x		Return on common equity	23.75%
Days sales outstandinga	14.84 days		Return on invested capital	20.49%

aCalculation is based on a 365-day year.

Balance Sheet as of December 31, 2016 (Millions of Dollars)
Cash and equivalents	$47		Accounts payable	$19
Accounts receivables	28		Other current liabilities	5
Inventories	85		Notes payable	19
Total current assets	$160		Total current liabilities	$43
			Long-term debt	12
			Total liabilities	$55
Gross fixed assets	125		Common stock	52
Less depreciation	50		Retained earnings	128
Net fixed assets	$75		Total stockholders' equity	$180
Total assets	$235		Total liabilities and equity	$235

Income Statement for Year Ended December 31, 2016 (Millions of Dollars)
Net sales	$470.0
Cost of goods sold	371.3
Gross profit	$98.7
Selling expenses	47.0
EBITDA	$51.7
Depreciation expense	7.5
Earnings before interest and taxes (EBIT)	$44.2
Interest expense	1.6
Earnings before taxes (EBT)	$42.6
Taxes (40%)	17.0
Net income	$25.6

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

	Firm	Industry Average
Current ratio	x	5.17x
Debt to total capital	%	14.74%
Times interest earned	x	19.06x
EBITDA coverage	x	11.01x
Inventory turnover	x	11.06x
Days sales outstanding	days	14.84days
Fixed assets turnover	x	7.52x
Total assets turnover	x	3.54x
Profit margin	%	4.68%
Return on total assets	%	17.76%
Return on common equity	%	23.75%
Return on invested capital	%	20.49%

Construct a DuPont equation for the firm and the industry. Do not round intermediate steps. Round your answers to two decimal places.

	Firm	Industry
Profit margin	%	4.68%
Total assets turnover	x	3.54x
Equity multiplier	x	x