Current Ratio

$($Liquidity Ratio$)2023-0\mathrm{.}7023$

$2022-0\mathrm{.}85111\mathrm{.}06$

Quick Ratio

$($Liquidity Ratio$)2023-0\mathrm{.}6144$

$2022-0\mathrm{.}75200\mathrm{.}73$

Debt to Equity

$($Solvency Ratio$)2023-(597\%)$

$2022-(1,205\%)141\%$

Total Asset Turnover

$($Activity Ratio$)2023-0\mathrm{.}66$

$2022-0\mathrm{.}56\mathrm{.}93$

Profit Margin

$($Profitability Ratio$)2023-11\mathrm{.}14\%$

$2022-14\mathrm{.}3\%6\mathrm{.}96\%$

Return on Equity

$($Profitability Ratio$)2023--95\mathrm{.}8\%$

$2022--190\%27\mathrm{.}13\%$

Return on Assets

$($Profitability Ratio$)2023-8\%$

$2022-7\mathrm{.}4\%6\mathrm{.}45\%$

In three to four paragraphs, select any two different types of ratios $($Liquidity$,$ Solvency, Activity or Profitability$)$ and compare the performance of your company to the applicable industry standards in the table below. Based on the two ratios you chose:

$$ Did your company perform better than the industry average and by how much was the difference or variance?

$$ How would owners, lenders, investors and managers of the operations react to the performance of the industry? Why?