i already got the ratios if this is helpful:

current asset ratio 1.83636 0.89855 current assets / current liabilities

(50500/27500) ; (62000/69000)

acid ratio 0.78181 0.23913 (current assets-inventory)

(50500-29000)/27500 ; (62000-45500)/69000 current liabilities

avg collection period 36.5 36.5 365

(365/10) ; (365/10) Accounts Receivable Turnover Ratio

inventory turnover ratio 4.31034 3.5164 cost of goods sold / average inventory

(75000/17400) ; (96000/27300)

debt ratio 50% 61.30% Total debts / Total assets

(56250/112500) ; (91950/150000)

times int earned 4 2.786 EBIT / Interest expense

(12000/3000) ; (17000/6100)

total asset turnover 1.11 1.066 net sales / average total assets

(125000/112500) ; (160000/150000)

fixed asset turnover 2.0161 1.818 Net sales

(125000/62000) ; (160000/88000) (fixed assets - accumulated depreciation)

return on equity 8% 9.38% Net income / Share holder's equity

(4500/56,250) ; (5450/58,050)

Analysis of Financial Statements (Financial Ratios) M & G Industries Balance Sheet For December 31, 2020 and 2021 2020 2021 Cash Accounts receivable Inventories Total current assets Land Buildings and equipment Less: allowance for depreciation Total fixed assets Total assets Accounts Payable Short-term bank notes Total current liabilities Long-term debt Common stock Retained earnings Total debt and equity $ 9,000 12,500 29,000 $ 50,500 20.000 70,000 (28,000) $ 62,000 $112,500 $ 10,500 17,000 $ 27,500 28,750 31,500 24,750 $112,500 $ 500 16,000 45,500 $ 62,000 26,000 100,000 (38,000) $ 88,000 $150,000 $ 22,000 47,000 $ 69,000 22,950 31,500 26,550 $150,000 M & G Industries Income Statement For the Years Ended December 31, 2020 and 2021 2020 2021 $125,000 75,000 $ 50,000 $160,000 96,000 $ 64,000 Sales (all credit) Cost of goods sold Gross profit Operating expenses Fixed cash operating expenses Variable operating expenses Depreciation Total operating expenses Earnings before interest and taxes Interest expense Earnings before taxes Taxes Net income $ 21,000 12,500 4,500 $ 38,000 $ 12,000 3,000 $ 9,000 4,500 $ 4,500 $ 21,000 16.000 10,000 $ 47,000 $ 17,000 6,100 $ 10,900 5,450 $ 5,450 DEPARTMENT OF INDUSTRIAL AND MANAGEMENT ENGINEERING IMEN-341 Accounting & Finance for Engineers Based on the preceeding statements, complete the following table: M & G Industries Ratio Analysis Industry Actual Actual Averages 2020 2021 Current ratio 1.80 Acid-test ratio .70 Average collection period 37.00 Inventory turnover 2.50 Debt ratio 58% Times interest eamed 3.80 Total asset turnover Fixed asset turnover 1.40 Return on equity 9.5% II. Perform the following Analysis: a. Explain each ratio results for 2021 only. b. Compare each ratio performance with the previous year results (compare 2021 results with 2020 results) c. Compare each Ratio results for 2021 with their respective Industry average