Avantronics is a manufacturer of electronic components and accessories that has total assets of $ 20,000,000. Selected financial ratios for Avantronics and the industry averages for firms of similar size are as follows: Avantronics Industry

Year 1 Year 2 Year 3 Average

Current ratio 2.09 2.27 2.51 2.24

Quick ratio 1.15 1.12 1.19 1.22

Inventory turnover 2.40 2.18 2.02 3.50

Profit margin 0.14 0.15 0.17 0.11

Debt- to- equity ratio 0.24 0.37 0.44 0.35

Avantronics is being reviewed by several entities whose interests vary, and the company