c. Calculate the 2019 inventory turnover, days sales outstanding (DSO), fixed assets turnover, and total assets tumover. How does D'Leon's utilization of assets stack up against other firms in the industry? d. Calculate the 2019 debt-to-capital and times-interest-earned ratios. How does D'Leon compare with the industry with respect to financial leverage? What can you conclude from these ratios? e. Calculate the 2019 operating margin, profit margin, basic earning power (BEP), return on assets (ROA), retum on equity (ROE), and return on invested capital (ROIC). What can you sav ahow thess (KOA), 26 FINANCIAL STATEMENTS AND TAXES Part I of this case, presented in Chapter 3, discussed the situation of DTeon inc, a regional snack foods producer, after an expansion program. DTeon had increased plant capacity and undertaken a major marketing campaign in an attempt to "go national. Thus fas, sales have not been up to the forectisted level, costs have been higher than were projected, and a large loss occurred in 2018 rather thain the expected profit. As a result, its managers, directors, and investors are concemed about the firm's survival. Donna Jamison was brought in as assistant to Fred Campo, D'Leon's chairman, who had the task of getting the company back into a sound financial position. D'leon's 2017 and 2018 balance sheets and income statements, together with projections for 2019 , are given in Tables IC 4.1 and IC 4.2. In addition, Table IC 4.3 gives the company's 2017 and 2018 financial ratios, together with industry average data. The 2019 projected financial statement data represent Jamison's and Campo's best guess for 2019 results, assuming that some new financing is atranged to get the company "over the hump." Jamison examined monthly data for 2018 (not given in the case), and she detected an Firproving pattem during the year. Monthly sales were rising costs were falling, and large losses in the eat months had turned to a small profit by December. Thus, the annual data look somewhat worse than final monthly data. Also, it appears to be taking longer for the advertising program to get the message out, for the new sales offices to generate sales, and for the new manufacturing facilities to operate efficiently. In other words, the lags between spending money and deriving benefits were longer than D' Leon's managers had anticipated. For these reasons, Jamison and Campo sec hope for the company-provided it can survive in the short run. Jamison must prepare an analysis of where the company is now, what it must do to regain its financial health. and what actions should be taken. Your aysignment is to help her answer the following questions