Exercise 6-The following are excerpts from Your Co's financial statements. Net Sales COGS 2019 $ 1,500.00 $ Your Co. 2018 2017 1,800.00 $ 1,650.00 1,140.00 1,350.00 1,275.00 Other Expenses Inventory 150.00 135.00 120.00 138.00 90.00 90.00 0 Current Assets 150.00 120.00 105.00 1 Total Assets 570.00 630.00 570.00 12 Current Liabilities 120.00 75.00 60.00 13 Total Liabilities 285.00 252.00 171.00 15 2019 2018 2017 16 Gross Profit (Margin) 360.00 450.00 375.00 17 Net Income 210.00 315.00 255.00 18 Average Inventory 135.00 112.50 XX 19 Average Total Assets 600.00 600.00 20 2019 2018 2017 21 Gross Margin Ratio 24.0% 25.0% 23.0% 22 Profit Margin Ratio 14.00% 18.00% 15.00% 23 Return on Assets 0.60 0.75 XX 24 Current Ratio 1.25 1.60 1.75 25 Inventory Turnover 8.44 12.00 X X 26 Asset Turnover 2.50 3.00 27 Debt Ratio 50% 40% 30% 28 29 30 31 32