Calculate the financial ratios for the International Carrier Services company and compare them with the financial ratios provided for the trucking industry to which the evaluated company belongs. Ratio Industry Average International Carrier Services The following financial statements belong to the International Carrier Services company, for the closing of its fiscal year, as of September 30, 2018. International Carrier Services Income Statement for the Fiscal Year Ended September 30, 2018 Net sales $51,407 Cost of products sold 25,076 Gross margin $26.331 Marketing, research, administrative exp. 15,746 Depreciation 758 Operating income (loss) Interest expense 477 Earnings (loss) before income taxes 9,350 Income taxes 2,869 Net income (loss) $ 6,481 International Carrier Services Balance Sheet as of 9/30/2018 2.05 0.78 23.9% 12.3% $9.827 Current ratio Quick ratio Gross margin Profit margin Debt ratio Long-term debt to equity Time interest-earned ratio ROA ROE 0.23 0.98 5.62 5.3% 18.8% Assets 1- Based on the results of the previous year and your evaluation, propose the adjustments or strategies that you understand that the company must carry out in order to be in a better financial position. $ 5,469 423 4,062 2-. Would you invest in stocks or bonds of this company? Explain. Liabilities and Stockholders' Equity Accounts payable Accrued and other liabilities Taxes payable Debt due within one year Total current liabilities Cash and marketable securities Investment securities Accounts receivable Total inventories Prepaid expenses & other receivables Other non-current assets Total current assets $3,617 7,689 2,554 8,287 $22,147 4,400 2,761 1,925 $19,040 Long-term debt Deferred income taxes Other non-current liabilities Total liabilities 12,554 2,261 2,808 $39.770 Property, plant, and equip., at cost Less: Accumulated depreciation Net plant and equipment Net goodwill & other intangible assets Total Fixed Assets 25,304 11,196 14,108 23.900 1,526 38,008 Convertible Class A preferred stock Common stock Retained earnings Total stockholders' equity (deficit) 2,141 13,611 $17,278 Total Liabilities and Stockholders' Equity Total Assets $57,048 - $57,048 $57,048