a. write a paragraph comparing the performance of East Coast Yachts to the Industry as a whole

b. Suppose you create an inventory ratio calculated as inventory divided by current liabilities. How would you interpret this ratio (good or bad)? How does East Coast Yachts compare to the Industry average for this ratio?

Ratio	Lower Quartile	Median	Upper Quartile	East Coast Yachts
Current ratio	0.86	1.51	1.97	1.01
Quick ratio	0.43	0.75	1.01	0.61
Total asset turnover	1.10	1.27	1.46	1.52
Inventory turnover	12.18	14.38	16.43	21.39
Receivables turnover	10.25	17.65	22.43	32.74
Debt ratio	0.32	0.56	0.61	0.42
Debt-equity ratio	0.83	1.13	1.44	0.93
Equity multiplier	1.83	2.13	2.44	-
Interest coverage	5.72	8.21	10.83	7.96
Profit margin	5.02%	7.48%	9.05%	7.51%
Return on assets	7.05%	10.67%	14.16%	11.44%
Return on equity	14.06%	19.32%	26.41%	0.00%