Emery Corporation is a machinery manufacturing company located in Morganton, NC, USA. The company's management wanted to evaluate their financial performance by applying key financial ratios.

a) Using the latest Financial statements (Table 1) calculate the following performance measures:

1. Current Ratio
2. Average Collection Period
3. Operating Return on Assets
4. Debt Ratio
5. Price Earnings Ratio

b) Interpret the results by comparing it with the industry average (Table 2)