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) Earnings Ratio the results by comparing it with the industry average (Table 2) Table to heal States Emery Corporate Fleancal States For the year ended December 31, 2017 Rolene Sheet Income Da Accounts receivable Inventory Net fired as Total $230,000 400,000 550,000 2.250.000 $3.430,000 Sales (all credit Costegods sold rating Interest expense lacas Netico 59.000.000 (4.350.000) 0.150.000) 200.000 (430.00) $670,000 Lilities and owners Accounts payable Long-term Notes payable Long-term debe $200,000 450,000 1.080.000 Lama Per Share 2.20 Own Equity 1.700,000 Total liabilities and owner's equity $3.430,000 Market pricepe 35 Table 31 Industry Average Industry Average 6.4 14 Ratio Cart Rate Average Collection Period Operating Return AL DR Price Ratio IRIN s remaining LOS