Cullumber Consumer Products Company Income Statement for the Fiscal Year Ended September 30, 2017
Net sales		$64,980
Cost of products sold		22,400
Gross profit		$42,580
Marketing, research, administrative expense		18,300
Depreciation		850
Operating income (loss)		$23,430
Interest expense		530
Earnings (loss) before income taxes		$22,900
Income taxes		7,029
Net earnings (loss)		$15,871

Cullumber Consumer Products Company Balance Sheet as of September 30, 2017
Assets:				Liabilities and Equity:
Cash and marketable securities		$5,510		Accounts payable		$4,010
Investment securities		380		Accrued and other liabilities		7,000
Accounts receivable		3,650		Taxes payable		2,610
Inventory		5,360		Debt due within one year		6,215
Deferred income taxes		950
Prepaid expenses and other receivables		2,210
Total current assets		$18,060		Total current liabilities		$19,835
Property, plant, and equipment, at cost		26,484		Long-term debt		9,715
Less: Accumulated depreciation		9,767		Deferred income taxes		1,790
Net property, plant, and equipment		$16,717		Other noncurrent liabilities		3,200
Net goodwill and other intangible assets		26,100		Total liabilities		$34,540
Other noncurrent assets		2,390		Convertible Class A preferred stock		1,744
				Common stock		1,650
				Retained earnings		25,333
				Total stockholders equity		$28,727
Total assets		$63,267		Total liabilities and equity		$63,267

Calculate all the ratios, for which industry figures are available below, for Cullumber and compare the firms ratios with the industry ratios. (Round current ratio, quick ratio, debt ratio, long term debt ratio answers to 2 decimal places, e.g. 12.25 and other answers to 1 decimal place, e.g.12.5 or 12.5%.)

Ratio		Industry Average			Cullumber ratios
Current ratio		2.05				times
Quick ratio		0.78				times
Gross margin		23.9	%			%
Net profit margin		12.3	%			%
Debt ratio		0.23				times
Long-term debt to equity		0.98				times
Interest coverage		5.62				times
ROA		5.3	%			%
ROE		18.8	%			%