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Consider the fo lowing financial data for Guerrero Enterprises Balance Sheet as of December 31, 2018 $ $ Cash Accts receivable Inventories Total current assets

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Consider the fo lowing financial data for Guerrero Enterprises Balance Sheet as of December 31, 2018 $ $ Cash Accts receivable Inventories Total current assets 141,500 191,500 109.000 442,000 64 500 192,500 45.500 302,500 344,500 741,500 1.388.500 Net fixed assets Total assets 946.500 1,388.500 1.8x 1.4% Accounts payable Notes payable Accrued wages & taxes Total current liabilities Long-term debt Common equity Total liab. & equity Industry Average Ratios Current ratio Quick ratio Days sales outstanding Inventory turnover Total asset turnover Net profit margin Return on assets Return on equity Debt-to-capital ratio Income Statement for 2018 Net sales Cost of sales Gross profit Operating expenses EBIT Interest expense Pre-tax income Income taxes (20%) Net profit 43 days 1,430,000 1.101.000 329,000 177.000 152,000 44,500 107,500 21.500 86.000 16.0x 0.7% 11.996 8.3% 22.0% 52% Compared to its competitors, Guerrero.. a has a higher inventory turnover ratio. b. has higher current and quick ratios, o generates less profit per dollar of total assets O d.obtains less of its capital from equity financing, e. has a lower total asset turnover ratio

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