he Jimenez Corporation's forecasted 2020 financial statements follow, along with some industry average ratios. imenez Corporation: Forecasted Balance Sheet as of December 31, 2020 \begin{tabular}{|c|c|} \hline Market price (average) & $17.55 \\ \hline Number of shares outstanding & 23,000 \\ \hline \multicolumn{2}{|l|}{ Industry Ratios a} \\ \hline Quick ratio & 1.0 \\ \hline Current ratio & 2.7 \\ \hline Inventory turnover b & 7.0 \\ \hline Days sales outstanding C & 32.0 days \\ \hline Fixed assets turnover b & 13.0 \\ \hline Total assets turnover b & 2.6 \\ \hline Return on assets & 9.1% \\ \hline Return on equity & 18.2% \\ \hline Profit margin on sales & 3.5% \\ \hline Debt-to-assets ratio & 21.0% \\ \hline Liabilities-to-assets ratio & 50.0% \\ \hline P/E ratio & 5.0 \\ \hline Market/Book ratio & 3.5 \\ \hline \end{tabular} Notes: a Industry average ratios have been stable for the past 4 years. b Based on year-end balance sheet figures. C Calculation is based on a 365 -day year. Calculate Jimenez's 2020 forecasted ratios, compare them with the industry average data, and comment briefly on Jimenez's projected strengths and weaknesses. Assume that there are no changes from the prior period to any of the operating balance sheet accounts. Do not round intermediate calculation. Round your answers to two decimal places