Historical and Industry Average Ratios Mustang, Inc. On a separate piece of sheet, calculate the following ratios and complete the table below. ( points, .50 each) Industry Ratio 2016 2017 2018 2018 :67 Current Ratio Quick Ratio Inventory Turnover Average Collection Period Total Asset Turnover Debt Ratio Times Interest Earned Gross Profit Margin Operating Profit Margin Net Profit Margin Return on total assets Return on Equity 1.5 0.98 8.0 31 days 2.5 65% 2.6 22% 4.5% 1.9% 4.2% 10.3% 1.8 1.3 9.5 1.8 0.9 8.4 39days 2.2 58% 2.3 20.5% 4.7% 1.4% 3.10% 72% 4.56 2.2 57% 3.6 19.9% 4.8% 1.8% 3.7% 60% 53.3 5.50 5.10 2.5D 11.14