Can you please solve this one

total assets. Problem 17-8A Evaluating ratios L04 Web Structure Inc. calculated the ratios shown below for 2017 and 2016: Comparison to Industry Average Change For U 2017 2016 Current ratio.......... 1.08:1 Quick ratio 0.97:1 0.99:1 0.84:1 16 18 35 31 6 7 49 37 Accounts receivable turnover Days' sales uncollected Inventory turnover.... Days' sales in inventory Total asset turnover Debt ratio......... Times interest earned Profit margin Gross profit ratio 3.2 1.8 67 47 6.3 2.2 15 18 17 16 *F = Favourable; U = Unfavourable Required 1. Identify whether the change in the ratios from 2016 to 2017 is favourable (F) or unfavourable (U). 2. Assess whether the 2017 ratios are favourable or unfavourable in comparison to the industry aver- ages shown in Exhibit 17.11. EXHIBIT 17.11 2017 Playground Equipment Industry Average Ratios Current ratio.... Quick ratio Accounts receivable turnover Days' sales uncollected. Inventory turnover..... Days' sales in inventory. Total asset turnover Accounts payable turnover Debt ratio.... Equity ratio Pledged assets to secured liabilities 1.6:1 1.1:1 16 times 21 days 5 times 70 days 2.3 times 4 times 35% 65% 1.4:1 Times interest earned Profit margin.......... Gross profit ratio.... Return on total assets Return on common shareholders' equity Book value per common share.. Book value per preferred share Earnings per share...... Price-earnings per share Dividend yield ....... 50 times 14% 18% 20% 32.7% $8.63 $15.00 $1.79 18.2 $0.35