Consider the following financial statements for Abco Corporation. Calculate the Current Ratio, Total Asset T/O. Debt Ratio, Net Profit Margin, and Return on Equity and enter into the appropriate box.

Determine Abcos relative condition for the 4 financial categories.

ASSETS Cash $ Accounts Receivable $ Inventory $ Total Current Ass $ LIABILITIES & STOCKHOLDER EQUITY Accounts Payable $ 650,000 Notes Payable $ 1,500,000 450,000 1,800,000 1,500,000 3,750,000 Total Current Liabilit $ 2,150,000 Net Fixed Assets $ 12,000,000 L-T Debt $ 4,450,000 Total Liabilities $ 6,600,000 Stockholder Equity | $ 9,150,000 Total Assets $ 15,750,000 Total Liabilities & SE | $ 15,750,000 Industry Average 1.2 0.8 1.05 1.1 12.67 9.55 Income Statement Sales $ 26,000,000 COGS $ 19,000,000 Other Expenses $ 2,900,000 Depreciation $ 700,000 EBIT $ 3,400,000 Interest $ 425,000 Taxable income $ 2,975,000 Taxes (40%) $ 892,500 Net Income $ 2,082,500 Dividends $ 246,000 Retained Earnings $ 1,836,500 Abco Current Ratio Quick Ratio Total Assetto Inventory T/O Debt Ratio Times Interest Earne NPM ROA ROE 8.00 0.51 7 6.15% 13.22% 10.53% 18.85% Consider the following categories and indicate whether Abco Corporation is better or worse than the industry average. Above Below Liquidity Asset Management Debt Management Profitability