I need help answering part b and finding the ratio

Part B: Based on the financial statements that were prepared with this data, complete the following financial ratio calculations and provide a narrative discussion of these results as compared to industry averages (provided.) Ratios required: Ratio Industry Average 1. Profit margin 2. Return on assets (use ending assets) 3. Return on common equity (use ending common equity) 4. Receivable turnover (use ending receivables) 5. Inventory turnover (use ending inventory) 6. Fixed asset turnover (use ending fixed asset balance) 6.0% 15.6% 8.5 x 12.0 x 5.75 x umover (use ending assets) 8. Current ratio 9. Quick ratio 3.10 1.40 10. Debt to total assets (use ending assets) 37.0% Your solution should include the required ratios for each year and then provide a narrative discussion regarding the results as they compare to the industaveraa es This analysis should discuss whether or not Crafton Inc. is better or worse than the industry average but it should not stop there. You should also include a discussion as o why or how the difference can be explained, i.e., the reason for the variance. The final solution is be provided in the Word document, with the module and part clearly identified. The narrative discussion will reference the appropriate ratio and the comparison the appropriate industry average. Crafton Inc, Inc., produces widgets for the wind chime industry. The company sells all products on t with net 30 day terms. The co bas heen withut comeone to assess the financial condition for some time (using only a bookkeeper to post activity o the general ledger accounts) and, therefore, is asking you to help with a more current f the company's position. assessment Part A: Below you will find a series of accounts that represent the trial balance of the business firm. These accounts encompass both income statement and balance sheet accounts 2010 2009 2011 242,725 648,528 Accumulated depreciation Retained eamings 176,580 337,602 209,050 510,731 Sales 3,702.480 3,961.654 3,981,462 Cash 35.750 62,635 86,595 Bonds payable Accounts receivable Depreciation expense 421.000 334,000 325,000 246,580 293,430 349,182 31,265 32,470 33.675 outstanding S S Plant and equipment, at cost Taxes 984,021 79,484 1,026,880 1,151210 74,198 188,569 75,000 93,223 116,696 75,000 Accounts payable Common stock, $1 par 62,685 75,000 185,652 Inventory Prepaid expenses Cost of goods sold Interest expense Selling and administrative expenses Marketable securities 243,117 312,622 6,575 21,525 26,325 2,665,786 2,879,049 2,936,630 12,532 10,325 10,235 765,800 773,458 788,927 24,153 12,545 23,564 Other current liabilities 123,256 150,674 195,265 Capital paid in excess of par (common) 275,000 275,000 275,000