Ellis has told you that a potential investor may be interested in investing money into Ellis Electrical. The potential investor will assess the financial performance from reviewing the financial statements as well as calculating the four below ratios, which the investor will compare to the industry for similar electrical businesses. The four ratios and the industry average for each one is provided below: Ratios: Current Ratio (Current Assets/Current Liabilities) Inventory Turnover Ratio (COGS expense/inventory) Gross Margin percentage (Gross Margin/Sales Revenue) Industry 3 8 40% Accounts Receivable Turnover 15 (Sales revenue/net accounts receivable)