Compute each of the following ratios for 2019 and 2020 and indicate whether each ratio was getting "better" or "worse" from 2019 to 2020 and whether the 2020 ratio was "good" or "bad" compared to the Industry Avg (round all numbers to 2 digits past the decimal place. ex: 22.94%) Type your answers in the table below and submit this document. Ratios 2019 2020 Enter "Better" or "Worse" 2020 Industry Avg Enter "Good" or "Bad" compared to Industry Avg 1 11 21 0.09 31 2 12 22 1.80 32 3 13 23 33 1.12 0.18 4 14 24 34 5. 15 25 0.60 35 Profit Margin Current Ratio Quick Ratio Return on Assets Debt to Assets Receivables turnover Avg. collection period* Inventory Turnover** Return on Equity Times Interest Earned 6 16 26 12.00 36 7 17 27 22.10 37 8 18 28 8.25 38 9 19 29 0.16 39 10 20 30 8.15 40 *Assume a 360-day year **Inventory Turnover can be computed 2 different ways. Use Sales/Inventory for this ratio. (the text indicates many credit reporting agencies generally use this version) Use the following information to answer the questions: (Balance Sheet on the next page) note: all sales are credit sales Use the following information to answer the questions below: note: all sales are credit sales $ 2020 1,170,000 355,875 814,125 Income Stmt info: Sales $ less Cost of Goods Sold: Gross Profit Operating Expenses Earnings before Interest& Taxes Interest exp earnings before Taxes Taxes Net Income $ 2019 975,000 325,000 650,000 575,000 75,000 20,000 55,000 22,000 33,000 609,500 204,625 31,000 173,625 69,450 104,175 $ 12/31/2019 60,000 80,000 Balance Sheet info: Cash Accounts Receivable Inventory Total Current Assets Fixed Assets (Net) Total Assets 12/31/2020 $ 66,000 $ 92,000 $ 115,000 $ 273,000 $ 312,000 $ 585.000 110,000 250,000 300,000 550.000 $ $ $ Current Liabilities Long Term Liabilities Total Liabilities Stockholder's Equity Total Liab & Equity: $ $ $ $ 130,000 150,000 280,000 $ $ $ $ $ 150,000 170,000 320,000 270,000 550.000 265,000 585.000 Its