Consider the following financial data for McGregor Industries: 69,500 151,000 73.500 294,000 213,000 547,000 1,054.000 Statement of Financial Position as of December 31, 2018 Cash & equivalents $ 107,000 Accounts payable Receivables 170,000 Notes payable Inventories 102.500 Accrued wages & taxes Total current assets 379,500 Total current liabilities Long-term debt Net plant & equip. 674,500 Common equity Total assets 1,054,000 Total liab, & equity Income Statement for 2018 Industry Average Ratios Sales revenue 1,170,000 Current ratio Cost of goods sold 737,000 Quick ratio Gross profit $ 433,000 Days sales outstanding Operating expenses 343.000 Inventory turnover EBIT 90,000 Total asset turnover Interest expense 22.500 Net profit margin Pre-tax earnings 67,500 Return on assets Income taxes (25%) 16,825 Return on equity Net earnings 50,625 Debt-to-capital ratio 1.0x 0.6% 58 days 8.6x 1.3x 2.4% 3.2% 10.0% 55% Compared to other firms in the same industry, McGregor... oa, is in a relatively weak short-term liquidity position. b. has lower total expenses per dollar of sales. Oc obtains less of its capital from equity financing. od. has a lower inventory turnover ratio. e. generates less profit per dollar of total assets