1. Consider the following 2022 financial statements for Rocket Inc. (21 points in total)

1. Calculate the indicated ratio (see the table below) for Rocket Inc.
2. Outline Rockets strengths and weakness as revealed your analysis
3. Construct the extended Du Pont equation for both Rocket and the industry. Explain why did Rocket Inc. outperform (or underperform) the industry in ROE.

Ratio Rocky Industry Average

Current Ratio ______________________________ 2.00

Quick Ratio ______________________________ 1.00

Inventory turnover ______________________________ 6.7

Day sales outstanding ______________________________ 35 days

Fixed asset turnover.._______________________________ 12.1

Total assets turnover ______________________________ 3.0

Profit margin ______________________________ 1.2%

Time interest earned ratio ______________________________ 4.2

Debt-to assets ratio _________________________ 30.0%

Liabilities-to-assets ratio ____________________________ 60.0%

ROA ______________________________ 3.6%

ROE ______________________________ 9.0%