Below are the income statement and balance sheet for the last fiscal year for XYZ Inc. Also presented are selected financial ratios calculated over the last two fiscal years and the average for the industry in which the company operates (note that the figures for days receivables, inventory turnover, return on equity, and return on assets have been estimated based on year-end balance sheet data in all cases). You have recently been hired as the CFO of this company and are interested in performing an evaluation of the company's recent financial performance. Based on the data provided, calculate the ratios shown for the last fiscal year. What is your assessment of the company's performance?

Show the entire procedure performed and formulas used.

Assets 4000 2000 2000 Cash Accounts receivable Inventories Total current assets Net fixed assets Intangible assets Total Assets Balance Sheet Liabilities and Capital 1000 Documents payable banks 5000 Accounts payable 7000 Sundry accruals 13000 Total current liabilities 15000 Long-term liabilities 2000 Shareholders' equity 30000 Retained earnings Total liabilities and capital 8000 12000 6000 4000 30000 Income Statement Sales Cost of goods sold Gross profit Administrative expenses Sales expenses Interest expense Income before taxes Income tax (50%) Net income 20000 12000 8000 1900 1500 600 4000 2000 2000 Current ratio Acid test Days C. receivable Inventory turnover Total liabilities/assets Gross margin Net margin Yield/equity Yield/assets Interest coverage Historical and industry financial ratios Two years ago One year ago Last Financial Year 2,50 2,00 1,00 0,90 72 days 80 days 4,00 3,00 50% 55% 39% 41% 17% 15% 25% 30% 15% 12% 11,00 9,00 Average Industry 2,25 1,10 60 days 4,00 45% 40% 15% 20% 10% 10,00