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Actualizar board Learn Kean Web Informa... McGraw-Hill Conn... Member Online Se... N) Log In / Get Cover... @ Pearson+ eBooks - My Book... Qian Mao Help! I Believe My Business is Broke. (Graded) posted 2 years ago (last edited 1 year ago) A few years ego, I decided to expand my coffee shop business and bought a coffee roaster. I created my own brand, America's famous, and started selling vacuum-packed coffee in local supermarkets. It was a huge success! Sales of my vacuum-packed coffee skyrocket and soon become the item most sold in my company. To be honest, I have concentrated on sales and no other items in the income statement or balance sheet. A finance intern from Kean University prepared the Table below. I am a little embarrassed to confess that I don't know what most of the ratios mean. However, I noticed that some of the ratios are below the industry median, and I am anxious. Should I be worried? Is my business on the edge of being broke? What can you say about the financial performance of The America's famous Co? Do you have any suggestions? Current ratio Quick ratio Cash ratio Total asset turnover Inventory turnover Receivables turnover Total debt ratio Debt-equity ratio Equity multiplier Tmes interest earned Cash coverage ratio Profit margin Return on assets Return on equity Quote The America's famous Co. 0.74 0.39 0.15 2.01 27.96 54.91 0.43 0.74 1.74 5.26 8.12 5.01% 10.08% 17,590/0 Email Author Industry Median 1.43 0.35 0.21 0.85 6.15 9.82 0.52 1.08 2.08 8.06 9.41 5.10% 9.53% 15.14% 2 days ago