Historical and Industry Average Ratios Mustang, Inc. On a separate piece of sheet, calculate the following ratios and complete the table below.(6 points, .50 each) Industry 2016 Current Ratio 1.5 0.98 8.0 Inventory Turnover Average Collection Period31 days Total Asset Turnover Debt Ratio Times Interest Earned Gross Profit Margin Operating Profit Margin Net Profit Margin Return on total assets Return on Equity 9.5 2.5 65% 2.6 22% 4.5% 1.9% 4.2% 10.3% 2.2 53.3 7.2 5.10 19.9% 4.8% 1.8% 3.7% 60% 20.5% 1.4% 3.10% 7.2% 2.20 1-J4