Consider the following financial data for Terry Manufacturing: Balance Sheet as of December 31, 2019 Cash Accts, receivable Inventories Total current assets $ 218,000 250,500 209,000 $ 677,500 Accounts payable $ 44,000 Notes payable 354,000 Accruals 76,000 Total current $ 474,000 liabilities Long-term debt 290,000 Common equity 517,500 Total liab. & equity $ 1,281,500 Net fixed assets Total assets 604,000 $ 1,281,500 Statement of Earnings for 2019 Industry Average Ratios Net sales Cost of sales Gross profit $ 1,358,500 1,059.500 $ 299,000 Current ratio Quick ratio Days sales outstanding Inventory turnover 1.2 0.7 61 days Operatine 159.500 9.1 Case Study Grad.docx SEGUOSE CARLORCA SUTTITUTET ALBAU Total assets $ 1.281,500 Total liab. & equity $ 1,281,500 Statement of Earnings for 2019 Industry Average Ratios Net sales Cost of sales Gross profit $ 1,358,500 1,059,500 $ 299,000 Current ratio Quick ratio Days sales outstanding Inventory turnover 1.2. 0.72 61 days 159,500 9.1. Operating expenses EBIT $ Interest expense Pre-tax earnings $ Income taxes (2596) Net profit $ 139,500 67,500 72,000 18,000 Total asset turnover Net profit margin Return on assets Return on equity 0.8 2.096 1.796 3.796 LA 54,000 Debt-to-capital ratio 4296 Compared to other firms in the same industry, Terry... Oa. has a lower return on assets. Ob. is in a relatively weak short-term liquidity position. Oc. has a lower profit margin. d. uses more financial leverage. le. collects its accounts receivable faster