An analyst computes the following ratios for Iris Carpeting Inc. and compares the results to the industry averages. Financial Ratios Iris Carpeting Industry Average 2.3x 1.8% Current Ratio 22% 24% Net Profit Margin Return on Equity 17% 20% 35% 56% Total Debt/Total Equity 4.1x 4.7x Times Interest Earned Required: Based on the above data, state your comments on the liquidity, profitability and debt position of the company as compared to the industry. (CLO 1) 2 A