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(Ratio analysis) Artz, Inc.'s financial statements for 2018 are shown in the popup window: The chief financlal officer for Artz has acquired industry averages for the following ratios in the popup window: a. Compute the ratios listed above for Artz. b. Compared to the industry: (1) How liquid is the firm? (2) Are its managers generating attractive operating profit on the firm's assets? (3) How is the firm financing its assets? (4) Are its managers generating a good retum on equity? a. Compute the ratios for Artz. The current ratio is x. (Round to two decimal places.) Artz, Inc., Income Statement for the Year Ended 12/31/2018 Sales Cost of goods sold Gross profits Operating expenses Marketing, and general and administrative expenses Net income Artz, Inc., Balance Sheet for 12/31/2018 \begin{tabular}{ll} \hline ASSETS & 2018 \\ \hline \end{tabular} LIABILITIES AND OWNERS' EQUITY Accounts payable Short-term notes payable Total current liabilities Long-term debt Total liabilities Common equity: Total current assets Gross fixed assets Accumulated depreciation Net fixed assets Total assets LIABILITIES AND OWNERS' EQUITY Accounts payable Short-term notes payable Total current liabilities Long-term debt Total liabilities \begin{tabular}{ll} $ & 2,165 \\ $ & 2,010 \\ & (829) \\ \hline$ & 1,181 \\ \hline$ & 3,346 \\ \hline \hline \end{tabular} Common equity: Common stock (par and paid-in capital) \begin{tabular}{rr} $ & 573 \\ & 334 \\ \hline$ & 907 \\ & 499 \\ \hline$ & 1,406 \end{tabular} Retained earnings Total common equity Total liabilities and equity \begin{tabular}{rr} $ & 599 \\ & 1,341 \\ \hline$ & 1,940 \\ \hline$ & 3,346 \\ \hline \end{tabular} \begin{tabular}{lc} \hline RATIO & INDUSTRY \\ \hline Current ratio & 3.0 \\ Acid-test ratio & 1.5 \\ Days in receivables & 50.0 \\ Days in inventories & 82.0 \\ Operating return on assets & 12.2% \\ Operating profit margin & 8.0% \\ Total asset turnover & 1.7 \\ Fixed asset turnover & 3.5 \\ Debt ratio & 39.0% \\ Times interest earned & 5.0 \\ Return on equity & 13.0% \\ \hline \end{tabular}