Compare the ratios with the industry average ratio and also mention, what may be the reason of high/ low ratio.

	2003	2002	2001	Industry average
Current ratio	2.34x	1.20x	2.30x	2.70x

	2003	2002	2001	Ind.
Inventory Turnover	4.1x	4.70x	4.8x	6.1x

	2003	2002	2001	Ind.
Accounts receivables in days	45.6	38.2	37.4	32.0

	2003	2002	2001	Ind.
fixed asset turnover	8.6x	6.4x	10.0x	7.0x
total asset turnover	2.0x	2.1x	2.3x	2.6x

	2003	2002	2001	Ind.
Debt to asset	44.2%	82.8%	54.8%	50.0%
times interest earn	7.0x	-1.0x	4.3x	6.2x

	2003	2002	2001	Ind.
profit margin	3.6%	-2.7%	2.6%	3.5%

	2003	2002	2001	Ind.
ROA	7.3%	-5.6%	6.0%	9.1%
ROE	13.0%	-32.5%	13.3%	18.2%

	2003	2002	2001	Ind.
cash conversion cycle	(36)	(25)	(30)	(32)