Here are the answers, please provide me with the STEPS/COMMENT ON STRENGTHS & WEAKNESSES !

QUICK RATIO =0.85

CURRENT RATIO = 2.33

INV. TO= 4.00

DSO= 37.35 DAYS

FA TO= 9.95

TA TO =2.34

ROA=5.90%

ROE=13.07%

PM=2.53%

DEBT TO ASSETS RATIO=27.47%

TL/TA= 54.81%

PE RATIO =5.00

M/B RATIO = 0.65

(3-14) Comprehensive Ratio Analysis The Jimenez Corporation's forecasted 2020 financial statements follow, along with some industry average ratios. Calculate Jimenez's 2020 forecasted ratios, compare them with the industry average data, and comment briefly on Jimenez's projected strengths and weaknesses. Jimenez Corporation: Forecasted Balance Sheet as of December 31, 2020 Assets Cash $ 72,000 Accounts receivable 439,000 Inventories 894,000 Total current assets $1,405,000 Fixed assets 431,000 Total assets $1,836,000 Liabilities and Equity Accounts payable $ 332,000 Notes payable 100,000 Accruals 170,000 Total current liabilities $ 602,000 Long-term debt 404,290 Common stock 575,000 Retained earnings 254,710 Total liabilities and equity $1,836,000 Jimenez Corporation: Forecasted Income Statement for 2020 Sales Cost of goods sold Selling, general, and administrative expenses Earnings before taxes (EBT) Interest expense Earnings before taxes (EBT) Taxes (25%) Net income $4,290,000 3,580,000 525,456 $ 184,544 40,000 $ 144,544 36,136 $ 108,408 Jimenez Corporation: Per Share Data for 2020 EPS Cash dividends per share P/E ratio Market price (average) Number of shares outstanding $ 4.71 $ 0.95 5.0 $23.57 23,000 Industry Average 1.0 Ratio Jimenez Quick ratio Current ratio Inventory turnover Days sales outstanding Fixed assets turnover Total assets turnoverb Return on assets Return on equity Profit margin on sales Debt-to-assets ratio Liabilities-to-assets ratio P/E ratio Market/Book ratio Notes: Industry average ratios have been stable for the past 4 years. Based on year-end balance sheet figures. Calculation is based on a 365-day year. 2.7 7.0 32.0 days 13.0 2.6 9.1% 18.2% 3.5% 21.0% 50.0% 6.0 3.5