Financial Statement Analysis for Chaos Corp. Ratio Ratios for Chaos Inc. Industry Average 1 Profit margin 2 Times interest earned 6.9% 2.81 6.5% 7.3x 3 Avg. collection period 113,8 426 days 4 Inventory turnover 5 Quick Ratio 4.1 1.3 6.3x 1.1 6 Total asset turnover 0.9 1.7x Based on the Financial and Industry Ratios above: i. For each Ratio indicate if Chaos Corp's Ratio is better or worse than the industry average. ii. Provide an explanation of the importance of each ratio in analyzing a company's performance. (For example: Higher ratio better, reflects efficient use of cash) iii. What are two Flaws of Ratio Analysis