Cross-sectional ratio analysis Use the financial statements for Fox Manufacturing Company for the year ended December 31, 2019, along with the industry average ratios, to: a. Prepare and interpret a complete ratio analysis of the firm's 2019 operations. b. Summarize your findings and make recommendations. X Data table a. The current ratio is. (Round to two decimal places.) for the Year Ended December 31, 2019 Fox Manufacturing's current ratio is average. (Select fro $600,000 460,000 $140,000 The quick ratio is (Round to two decimal places.) $30,000 Fox Manufacturing's quick ratio is average. (Select from General and administrative expenses Depreciation expense 30,000 Total operating expense 60,000 The inventory turnover is. (Round to two decimal places.) Operating profits $80,000 Less: Interest expense 10,000 Fox Manufacturing's inventory turnover is average. (Sel Net profits before taxes $70,000 Less: Taxes 27,100 The average collection period is. (Round to one decimal place.) Net profits after taxes (earnings available for common stockholders) $42,900 Fox Manufacturing's average collection period is average Earnings per share (EPS) $2.15 The total asset turnover is (Round to two decimal places.) in order to copy the contents of the data table below into a Fox Manufacturing's total asset turnover is average. (Se Fox Manufacturing Company Balance Sheet December 31, 2019 The debt ratio is $15,000 Fox Manufacturing's debt ratio is average. (Select from 7,200 34,100 The times interest earned ratio is (Round to one decimal place.) 82,000 $138,300 Fox Manufacturing's times interest earned ratio is averag 270,000 $408,300 The gross profit margin is (Round to three decimal places.) $57,000 Fox Manufacturing's gross profit margin is average. (Sel 13,000 The operating profit margin is. (Round to three decimal places.) 5,000 $75,000 $150,000 Fox Manufacturing's operating profit margin is average. (Round to two decimal places.) Sales revenue Less: Cost of goods sold Gross profits Less: Operating expenses (Click the icon here spreadsheet.) Assets Cash Marketable securities Accounts receivable Inventories Total current assets Net fixed assets Total assets Liabilities and Stockholders' Equity Accounts payable Notes payable Accruals Total current liabilities Long-term debt Data table (Click the icon here in order to copy the contents of the data table below into a spreadsheet.) Ratio Industry average, 2019 Current ratio Quick ratio 2.35 0.87 4.55 times Inventory turnover* Average collection period* 35.8 days Total asset turnover Debt ratio Times interest earned Gross profit margin 1.09 0.30 12.3 0.202 0.135 0.091 0.099 Operating profit margin Net profit margin Return on total assets (ROA) 0.167 Return on common equity (ROE) Earnings per share (EPS) $3.10 *Based on a 365-day year and on end-of-year figures. Print Done X Cross-sectional ratio analysis Use the financial statements for Fox Manufacturing Company for the year ended December 31, 2019, ald a. Prepare and interpret a complete ratio analysis of the firm's 2019 operations. b. Summarize your findings and make recommendations. 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 The times interest earned ratio is. (Round to one decimal place.) Fox Manufacturing's times interest earned ratio is The gross profit margin is (Round to three decimal places.) Fox Manufacturing's gross profit margin is The operating profit margin is. (Round to three decimal places.) Fox Manufacturing's operating profit margin is The net profit margin is (Round to three decimal places.) Fox Manufacturing's net profit margin is The return on total assets (ROA) is. (Round to three decimal places.) Fox Manufacturing's return on total assets (ROA) is The return on common equity (ROE) is. (Round to three decimal places.) Fox Manufacturing's return on common equity (ROE) is Fox Manufacturing's earnings per share is average. (Select from the drop-down menu.) b. Summarize your findings and make recommendations. (Select from the drop-down menus.) Fox Manufacturing Company needs improvement in its of debt in the capital structure, resulting in a superior ROE. average. (Select from the drop-down menu.) average. (Select from the drop-down menu.) average. (Select from the drop-down menu.) average. (Select from the drop-down menu.) average. (Select from the drop-down menu.) average. (Select from the drop-down menu.) average. (Select from the drop-down menu.) ratios and possibly a reduction in its total The firm is Depreciation expense Operating profits Less: Interest expense Less: Taxes Earnings per share (EPS) 30,000 60,000 $80,000 10,000 Net profits before taxes $70,000 27,100 Net profits after taxes (earnings available for common stockholders) $42,900 $2.15 in order to copy the contents of the data table below into a Fox Manufacturing Company Balance Sheet December 31, 2019 $15,000 7,200 34,100 82,000 $138,300 270,000 $408,300 $57,000 13,000 5,000 $75,000 $150,000 $110,200 73,100 $183,300 $408,300 Total operating expense (Click the icon here spreadsheet.) Assets Cash Marketable securities Accounts receivable Inventories Total current assets Net fixed assets Total assets Liabilities and Stockholders' Equity Accounts payable Notes payable Accruals Total current liabilities Long-term debt Common stock equity (20,000 shares outstanding) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Print Done