Emery Corporation Balance Sheet Income Statement Assets: Cash S250,000 Sales (all credit) $8,000,000 Accounts receivable 450,000 Cost of goods sold (4,000,000) Inventory 500,000 Operating expense (2,900,000) Net fixed assets 2,100,000 Interest expense (150,000) Total assets $3,300,000 Income taxes (380,000) Net income $570,000 Liabilities and owners' equity: Accounts payable $100,000 Notes payable 450,000 Long-term debt 1,050,000 Owners' Equity 1,700,000 Total liabilities and owner's Jequity $3,300,000 (Calculate only one ratio from each category) What does the answer mean? How liquid is the firm? Are its managers generating attractive operating profit on the firm's assets? How is the firm financing its assets? Are its managers generating a good return on equity? d)