Delighted by their apparent success, Fido's Food Mart wanted to ensure that they really understood what was going on in their organization. They sat down with their accountant and asked for the following ratios to be computed and explained: Required: Reference the Financial Statements from Project No. 11 1. Debt-to-Assets Ratio (Solvency Ratio) a. Compute the ratio. Be sure to include a label, if it applies. b. Write a full sentence to explain the nature of this as it applies to Fido's Food Mart. c. Write a full sentence to provide suggestions to move the ratio in a better direction. 2. Quick Ratio (Liquidity Ratio) a. Compute the ratio. Be sure to include a label, if it applies. b. Write a full sentence to explain the nature of this as it applies to Fido's Food Mart. c. Write a full sentence to provide suggestions to move the ratio in a better direction. 3. Gross Profit Percentage (Profitability Ratio) a. Compute the ratio. Be sure to include a label, if it applies. b. Write a full sentence to explain the nature of this as it applies to Fido's Food Mart. c. Write a full sentence to provide suggestions to move the ratio in a better direction. 4. Net Profit Margin (Profitability Ratio) a. Compute the ratio. Be sure to include a label, if it applies. b. Write a full sentence to explain the nature of this as it applies to Fido's Food Mart. c. Write a full sentence to provide suggestions to move the ratio in a better direction. Fido's R'ood Mart Adjusted Trial Balance December 31,20X Account Tirle Accounts Receivable Less: Allowance for Doubtiul-Accounts Inventory Supplies Prepaid Insurance Equipment Vehicle Less: Accumulated Depreciation - Equipment and Vehicle Accounts Payable Inferest Payable Onearned Revenue (Gift Cards) Dividends Payable Bonds Payable (mature 12/31/XX) Common Stock(200shares@s210/share) Additional Paid In Capital-Common Stock Dividends Declared Treasury Stock Retained Earnings Sales Revenue Less: Sales Discount Cost of Goods Sold Operating Expenses Bad Debt Expense Bank Charges Depreciation Expense Insurance Expense Interest Expense Rent Expense Supplies Expense Wages Expense otals 15,500261,268