Cross-sectional ratio analysis Use the financial statements for Fox Manufacturing Company for the year ended December 31,2021 , along with the industry average ratios , to: a. Prepare and interpret a complete ratio analysis of the firm's 2021 operations. Enter all ratios in decimal format. b. Summarize your findings and make recommendations. a. The current ratio is . (Round to two decimal places.) Fox Manufacturing's current ratio is average. (Select from the drop-down menu.) The quick ratio is (Round to two decimal places.) Fox Manufacturing's quick ratio is average. (Select from the drop-down menu.) The inventory turnover is (Round to two decimal places.) Fox Manufacturing's inventory turnover is average. (Select from the drop-down menu.) The average collection period is (Round to one decimal place.) Fox Manufacturing's average collection period is _ average. (Select from the drop-down menu.) The total asset tumover is (Round to two decimal places.) Fox Manufacturing's total asset turnover is average. (Select from the drop-down menu.) The debt ratio is (Round to two decimal places.) Fox Manufacturing's debt ratio is average. (Select from the drop-down menu.) The gross profit margin is . (Round to three decimal places.) Fox Manufacturing's gross profit margin is average. (Select from the drop-down menu.) The operating profit margin is . (Round to three decimal places.) Fox Manufacturing's operating profit margin is average. (Select from the drop-down menu.) The net profit margin is (Round to three decimal places.) Fox Manufacturing's net profit margin is average. (Select from the drop-down menu.) The return on total assets (ROA) is (Round to three decimal places.) Fox Manufacturing's return on total assets (ROA) is average. (Select from the drop-down menu.) The return on common equity (ROE) is . (Round to three decimal places.) Fox Manufacturing's return on common equity (ROE) is average. (Select from the drop-down menu.) Fox Manufacturing's earnings pershare is average. (Select from the drop-down menu.) b. Summarize your findings and make recommendations. (Select from the drop-down menus.) of the firm is lower than average but is enhanced by the use of debt in the capital structure, resulting in a superior ROE. sprosdzhook) (Cick the icon here D in order to copy the contonts of the data table below into a sprosathiont.) Data table (Click the icon here in order to copy the contents of the data table below into a spreadsheet.) Cross-sectional ratio analysis Use the financial statements for Fox Manufacturing Company for the year ended December 31,2021 , along with the industry average ratios , to: a. Prepare and interpret a complete ratio analysis of the firm's 2021 operations. Enter all ratios in decimal format. b. Summarize your findings and make recommendations. a. The current ratio is . (Round to two decimal places.) Fox Manufacturing's current ratio is average. (Select from the drop-down menu.) The quick ratio is (Round to two decimal places.) Fox Manufacturing's quick ratio is average. (Select from the drop-down menu.) The inventory turnover is (Round to two decimal places.) Fox Manufacturing's inventory turnover is average. (Select from the drop-down menu.) The average collection period is (Round to one decimal place.) Fox Manufacturing's average collection period is _ average. (Select from the drop-down menu.) The total asset tumover is (Round to two decimal places.) Fox Manufacturing's total asset turnover is average. (Select from the drop-down menu.) The debt ratio is (Round to two decimal places.) Fox Manufacturing's debt ratio is average. (Select from the drop-down menu.) The gross profit margin is . (Round to three decimal places.) Fox Manufacturing's gross profit margin is average. (Select from the drop-down menu.) The operating profit margin is . (Round to three decimal places.) Fox Manufacturing's operating profit margin is average. (Select from the drop-down menu.) The net profit margin is (Round to three decimal places.) Fox Manufacturing's net profit margin is average. (Select from the drop-down menu.) The return on total assets (ROA) is (Round to three decimal places.) Fox Manufacturing's return on total assets (ROA) is average. (Select from the drop-down menu.) The return on common equity (ROE) is . (Round to three decimal places.) Fox Manufacturing's return on common equity (ROE) is average. (Select from the drop-down menu.) Fox Manufacturing's earnings pershare is average. (Select from the drop-down menu.) b. Summarize your findings and make recommendations. (Select from the drop-down menus.) of the firm is lower than average but is enhanced by the use of debt in the capital structure, resulting in a superior ROE. sprosdzhook) (Cick the icon here D in order to copy the contonts of the data table below into a sprosathiont.) Data table (Click the icon here in order to copy the contents of the data table below into a spreadsheet.)