Analyze trends in each ratio and compare each with the industry average. What can you infer from this information? Make specific statements about liquidity, activity ratios, especially receivables and inventories, debt management, and profitability.

Liquidity Ratios 2021 labels a. Current ratio b. Quick Ratio Debt Management Ratios c. Total Debt to Equity Total Debt to Total Assets e. Times Interest Earned d. Equity Multiplier Activity Ratios g. Inventory Turnover h. Days' Sales in Inventory i. Receivables Turnover j. Days' Sales in Receivables k. Total Asset Turnover 4.19 times 3.12 times 0.13 times 11.89% 38.01 times 1.13 times 4.99 times 73.20 days 7.22 times 50.59 days $1.58 Profitability Ratios Gross Profit Margin 65.0% I. Profit Margin 10.9% m. Return on Assets 17.1% n. Return on Equity 19.4% Dupont Identity (ROE) 19.4% Earnings per share $4.40 o. Price/Earnings Ratio 0.06 times Market Value Ratios Market-to-book Ratio f. Dividend Yield 2.43 times 5.64%