Comprehensive Ratio Analysis Data for Lozano Chip Company and its industry averages follow Lozano Chip Company: Balance Sheet as of December 31, 2018 (Thousands of Dollars) Cash Receivables Inventories $ 230,000 1,575,000 1,135,0000 Total current assets $2,940,000 1,340,000 Accounts payable $ 601,866 326,634 525,000 $1,453,500 1,068,750 1,757,750 $4,280,000 Notes payable Other current liabilities Total current liabilities Net fixed assets Long-term debt Common equity Total assets Lozano Chip Company: Income Statement for Year Ended December 31, 2018 (Thousands of Dollars) Sales Cost of goods sold Selling, general, and administrative expenses $4,280,000 Total liabilities and equity $7,500,000 6,375,000 825,000 $300,000 111,631 188,369 75,348 $ 113,021 Earnings before interest and taxes (EBIT) Interest expense Earnings before taxes (EBT) Federal and state income taxes (40%) Net income a. Calculate the indicated ratios for Lozano. Do not round intermediate calculations. Round your answers to two decimal places Ratio Current assets/Current liabilities Days sales outstanding* COGS/Inventory Sales/Fixed assets Sales/Total assets Net income/Sales Net income/Total assets Net incnme/Common ennitv Lozano Industry Average 2.0 days 35.0 day:s 6.7 12.1 3.0 1.2% 3.6%