A manufacturing company's financials reveal the following ratios:
Ratio/Calculation	2016	2015	2014	2013	2012	Industry Ave.
Day's Sales In Receivables (days)	44	45	31	30	30	29
Day's Sales In Inventory (days)	68	69	78	77	78	60
Current Ratio	2.7	2.8	2.4	2.5	2.5	2.2
Acid Test (Quick) Ratio	2.1	2.1	1.9	1.8	1.8	1.9
Debt Ratio	40.0%	42.0%	46.0%	45.0%	45.0%	52.0%
Times Interest Earned	7.1	7.1	7.1	6.9	6.9	7.1
Fixed Charge Coverage	5.4	5.4	5.9	6.9	6.9	6.5
Gross Profit Margin	42.0%	41.0%	42.0%	43.0%	42.0%	40.0%
Operating Profit Margin	17.0%	18.0%	18.0%	21.0%	21.0%	20.0%
Net Profit Margin	5.0%	5.0%	6.0%	8.0%	8.0%	8.0%
Total Asset Turnover	3.4	3.5	3.4	3.4	3.3	3.5
Financial Leverage Ratio	1.7	1.7	1.9	1.8	1.8	2.1
Using the information presented above, answer/solve the following questions/problems.
Part 1) Calculate the debt-to-equity ratio for this company for 2016. Show work for partial credit. (10 points)
Part 2) Calculate the approximate Return on Assets (ROA) for this company for the year 2015. Show your work for
partial credit. (5 points)
Part 3) Calculate the approximate Return on Total Equity (ROE) for this company for 2014. Show your work for
partial credit. (5 points)