Assets Current assets Cash Accounts receivable Inventory FUT VUUS) 2018 2019 2018 2019 Liabilities and Owners' Equity Current liabilities $ 100 $ 115 Accounts payable $ 75 $ 105 170 150 Notes payable 100 120 120 120 Total $ 390 $ 385 Total $ 175 $ 225 $ 250 $ 290 Long-term debt Owners' equity Common stock Accumulated retained earnings 122 $ 190 $ 275 Fixed assets 348 Net plant and equipment $ 500 $ 600 Total Equity $ 465 $ 470 Total assets $ 890 $ 985 Total liabilities and owners equity $ 890 $ 985 GATA, INC. 2019 Income Statement (in 000s) Sales $ Cost of goods sold Depreciation 900 500 18 EBIT Interest paid $ 382 12 Taxable income Taxes $ 370 78 Net income $ 292 $ 219 Dividends Retained earnings 73 Requirement #1: Calculate each of the following ratios for GATA Inc. for 2019 only and complete the table below. (Do not round intermediate calculations. Round your answers to 4 decimal places (e.g., 0.9173 or 2.1648). Input profit margin, return on assets, and return on equity as percentages (e.g., if the Profit Margin = 0.1576, input your answer as 15.76). 2019 times times times times times a. Current ratio b. Quick ratio C. Total asset turnover d. Inventory turnover e. Total debt ratio f. Equity Multiplier g. Times interest earned ratio h. Profit margin i. Return on assets j. Return on equity Industry Average 2.1004 1.3652 0.8493 3.7699 0.6491 2.8497 33.1176 27.55% 23.40% 66.68% times 1% 1% 1% Requirement #2: Use the ratios you calculated in Requirement #1 and the industry averages given in the table above to determine if GATA, Inc. is "above average" or "below average" in each of the following areas of financial performance. Operating Efficiency Liquidity Shareholder Return Financial Leverage Asset Use Efficiency (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) Requirement #3: Based on DuPont analysis, how would you explain the difference in the return on equity (ROE) for GATA, Inc. vs. the industry as a whole in 2019 (ie.. why is the ROE for GATA higher/lower than the ROE for the average firm in the industry)