Calculate the 2017 ratios for Dunham Company. Complete the Summary of Financial Ratios worksheet in the attached file.

1 -23456 A Asset Management 7 Total asset turnover 8 Inventory turnover 9 Inventory period 10 Fixed asset turnover 11 Average collection period 12 Days payable outstanding 13 14 Profitability 15 Gross profit margin 16 Net profit margin 17 Return on assets 18 Return on equity 19 20 Debt Management 21 Debt ratio 22 Times interest earned 23 Equity multiplier 24 25 Liquidity 26 Current ratio 27 Quick ratio 28 29 30 B C Dunham Company Summary of Financial Ratios 2015 2.30 4.25 84.70 13.33 53.99 42.35 32.00% 4.42% 10.15% 18.76% 45.88% 8.54 1.85 2.40 1.33 2016 1.82 3.43 104.91 9.91 72.70 64.28 32.06% 3.69% 6.72% 14.81% 54.59% 5.22 2.20 1.94 1.08 D 2017 E Industry Ave. 2.10 3.75 96.00 10.00 51.00 65.00 30.50% 3.00% 6.30% 13.30% 53.00% 5.00 2.13 1.95 1.00 1 -23456 A Asset Management 7 Total asset turnover 8 Inventory turnover 9 Inventory period 10 Fixed asset turnover 11 Average collection period 12 Days payable outstanding 13 14 Profitability 15 Gross profit margin 16 Net profit margin 17 Return on assets 18 Return on equity 19 20 Debt Management 21 Debt ratio 22 Times interest earned 23 Equity multiplier 24 25 Liquidity 26 Current ratio 27 Quick ratio 28 29 30 B C Dunham Company Summary of Financial Ratios 2015 2.30 4.25 84.70 13.33 53.99 42.35 32.00% 4.42% 10.15% 18.76% 45.88% 8.54 1.85 2.40 1.33 2016 1.82 3.43 104.91 9.91 72.70 64.28 32.06% 3.69% 6.72% 14.81% 54.59% 5.22 2.20 1.94 1.08 D 2017 E Industry Ave. 2.10 3.75 96.00 10.00 51.00 65.00 30.50% 3.00% 6.30% 13.30% 53.00% 5.00 2.13 1.95 1.00