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Below are the financial statement for NSK company for the year 2018. Cash 200 000 Accounts receivable 140 000 Inventory 220,000 Total non-current assels 490.000

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Below are the financial statement for NSK company for the year 2018. Cash 200 000 Accounts receivable 140 000 Inventory 220,000 Total non-current assels 490.000 Total assets 1,050,000 180.000 126 000 240 000 504 000 1.050.000 Accounts payable Accrued expenses Total non-current liabilities Total shareholders equities Total liabilities and equities Income statement Sales (all credit) Cost of goods sold Operating expenses Interest expenses Income taxes Net income 368.000 120.000 140.000 8.000 32.000 68,000 Calculate the financial ratios for year 2018 corresponding to the industry average ratios as below: Time interest earned 16.30 times Total debt ratio 60.00% Return on assets 3.50% Return on equity 10.10% Operating profit margin 20 20% Net profit margin 11.80%

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