I need help answering the ABC questions I've already solved the ratios 
Assessing Martin Manufacturing's Current Financial Position Terri Spiro, an experienced budget analyst at Martin Manufacturing Company, has been charged with assessing the firm's financial performance during 2019 and its financial position at year-end 2019. To complete this assignment, she gathered the firm's 2019 financial statements (see B). In addition, Terri obtained the firm's ratio values for 2017 and 2018, along with the 2019 industry average ratios (also applicable to 2017 and 2018). These are presented in the table on historical and industry average ratios here . To Do a. Calculate the firm's 2019 financial ratios, and then fill in the table below. (Assume a 365-day year.) b. Analyze the firm's current financial position from both a cross-sectional and a time-series viewpoint. Break your analysis into evaluations of the firm's liquidity, activity, debt, profitability, and market. C. Summarize the firm's overall financial position on the basis of your findings in part (b). a. Calculate the firm's 2019 financial ratios, and then fill in the preceding table. (Assume a 365-day year.) Calculate the firm's ratio values for 2019 below: Martin Manufacturing Company Historical and Industry Average Ratios Industry Actual Actual Actual average Ratio 2017 2018 2019 2019 Current ratio 1.7 1.8 2.5 1.5 (Round to one decimal place.) Actual 2017 Actual 2018 Actual 2019 Industry average 2019 1.2 Ratio Quick ratio 1.0 0.9 1.3 (Round to Click to select your answer(s). Actual Actual Actual 2019 Industry average 2019 Ratio 2017 2018 Inventory turnover (times) 5.2 5.0 5.3 10.2 (Round to one decimal place.) Actual Actual 2017 Actual 2019 Industry average 2019 Ratio 2018 Average collection period 50.7 days 55.8 days 58.0 days 46.0 days (Round to one decimal place.) Actual Actual Actual Industry average 2019 Ratio 2017 2018 2019 Click to select your answer(s). ? Ratio 2017 2018 2019 2019 Total asset turnover (times) 1.5 1.5 1.6 2.0 (Round to one decimal place.) Actual Actual 2018 Actual 2019 Industry average 2019 Ratio 2017 Debt ratio 45.8 54.3% 57% 24.5% (Round to one decimal place.) Actual 2017 Actual 2018 Actual 2019 Industry average 2019 Ratio Times interest earned ratio 2.2 1.9 1.6 2.5 (Round to J.-.-.- Click to select your answer(s). ? Actual Actual 2018 Actual 2019 average 2019 Ratio 2017 Gross profit margin 27.5% 26.0% 27% 26.0% (Round to one decimal place.) Actual 2017 Actual 2018 Actual 2019 Industry average 2019 Ratio Net profit margin 1.04% 0.94% 0.71 % 1.14% (Round to two decimal places.) Actual Actual 2017 Actual 2019 Industry average 2019 Ratio 2018 Return on total assets (ROA) 1.6% 1.4% (1.2% 2.3% (Round to Click to select your answer(s). ? Actual Actual Actual average 2019 Ratio 2017 2018 2019 3.0% 3.2% 2.7 % 3.1% Return on common equity (ROE) (Round to two decimal places.) Actual Actual Actual 2019 Industry average 2019 Ratio 2017 2018 Pricelearnings (P/E) ratio 33.5 38.7 34.5 43.4 (Round to one decimal place.) Actual Actual Actual Industry average 2019 Ratio 2017 2018 2019 Market/book (M/B) ratio 1.00 1.10 1.3 1.20 (Round to hun danimal Click to select your answer(s). ? Actual Actual Actual average 2019 Ratio 2017 2018 2019 3.0% 3.2% 2.7 % 3.1% Return on common equity (ROE) (Round to two decimal places.) Actual Actual Actual 2019 Industry average 2019 Ratio 2017 2018 Pricelearnings (P/E) ratio 33.5 38.7 34.5 43.4 (Round to one decimal place.) Actual Actual Actual Industry average 2019 Ratio 2017 2018 2019 Market/book (M/B) ratio 1.00 1.10 1.3 1.20 (Round to hun danimal Click to select your answer(s). ? b. Analyze the firm's current financial position from both a cross-sectional and a time-series viewpoint. Break your analysis into evaluations of the firm's liquidity, activity, debt, profitability, and market. Liquidity: (Select all the choices that apply.) A. The liquidity trend is upward and is much higher than the industry average. This is an unfavorable position, since it indicates too much inventory. B. The current ratio is lower than the industry average. C. The firm has sufficient current assets to cover current liabilities. D. The quick ratio has been decreasing over time. Activity: (Select all the choices that apply.) A. The total asset turnover ratio is stable but significantly higher than the industry average. This indicates that the sales volume is sufficient for the amount of committed assets. Click to select your answer(s). Activity: (Select all the choices that apply.) O A. The total asset turnover ratio is stable but significantly higher than the industry average. This indicates that the sales volume is sufficient for the amount of committed assets. B. The total asset turnover ratio is stable but significantly lower than the industry average. This indicates that the sales volume is not sufficient for the amount of committed assets. C. The inventory turnover is stable but much lower than the industry average. This indicates the firm is holding too much inventory. D. The average collection period is increasing and much higher than the industry average. These are both indicators of a problem in collecting payment. Debt: (Select all the choices that apply.) A. The times-interest-earned ratio also indicates a potential debt service problem. The ratio is decreasing and is far below the industry average. Click to select your answer(s). Debt: (Select all the choices that apply.) A. The times-interest-earned ratio also indicates a potential debt service problem. The ratio is decreasing and is far below the industry average. B. Typically industries with heavy capital investment and higher operating risk try to minimize financial risk. Martin Manufacturing has positioned itself with both heavy operating and financial risk. C. The debt ratio has increased and is substantially higher than the industry average. This indicates that the timing of the firm's payments does not match that of its collections. D. The debt ratio has increased and is substantially higher than the industry average. This places the company at high risk. Profitability: (Select all the choices that apply.) A. The high financial leverage has caused the low profitability. Click to select your answer(s). Profitability: (Select all the choices that apply.) A. The high financial leverage has caused the low profitability. B. When the gross profit margin is within expectations but the net profit margin is too low, high interest payments may be to blame. C. The net profit margin is deteriorating and far below the industry average. D. The gross profit margin is stable and quite favorable when compared to the industry average. Market: (Select all the choices that apply.) A. The book value of the firm's shares is too low compared to their market price. B. The weak market price of the 's common sto indicates a belief by m rtin's ability to earn future profits faces more and increasing uncertainty as perceived by the market. I C. The market price of the firm's common stock shows weakness relative to both earnings and book value Click to select your answer(s). ? Market: Select all the choices that apply.) A. The book value of the firm's shares is too low compared to their market price. B. The weak market price of the firm's common stock indicates a belief by the market that Martin's ability to earn future profits faces more and increasing uncertainty as perceived by the market. C. The market price of the firm's common stock shows weakness relative to both earnings and book value. D. The market price of the firm's preferred shares is high compared to that of the industry. c. Summarize the firm's overall financial position on the basis of your findings in part (b). (Select all the choices that apply.) A. Despite the problems that the company is facing, investors seem to be oblivious to these issues. B. Martin Manufacturing's sales are not at an appropriate level for its capital investment. Click to select your answer(s). c. Summarize the firm's overall financial position on the basis of your findings in part (b). (Select all the choices that apply.) A. Despite the problems that the company is facing, investors seem to be oblivious to these issues. B. Martin Manufacturing's sales are not at an appropriate level for its capital investment. C. Martin Manufacturing clearly has a problem with its inventory level. D. The firm has acquired a substantial amount of debt which, due to the high interest payments associated with the large debt burden, is depressing profitability. Click to select your answer(s). ? Assessing Martin Manufacturing's Current Financial Position Terri Spiro, an experienced budget analyst at Martin Manufacturing Company, has been charged with assessing the firm's financial performance during 2019 and its financial position at year-end 2019. To complete this assignment, she gathered the firm's 2019 financial statements (see B). In addition, Terri obtained the firm's ratio values for 2017 and 2018, along with the 2019 industry average ratios (also applicable to 2017 and 2018). These are presented in the table on historical and industry average ratios here . To Do a. Calculate the firm's 2019 financial ratios, and then fill in the table below. (Assume a 365-day year.) b. Analyze the firm's current financial position from both a cross-sectional and a time-series viewpoint. Break your analysis into evaluations of the firm's liquidity, activity, debt, profitability, and market. C. Summarize the firm's overall financial position on the basis of your findings in part (b). a. Calculate the firm's 2019 financial ratios, and then fill in the preceding table. (Assume a 365-day year.) Calculate the firm's ratio values for 2019 below: Martin Manufacturing Company Historical and Industry Average Ratios Industry Actual Actual Actual average Ratio 2017 2018 2019 2019 Current ratio 1.7 1.8 2.5 1.5 (Round to one decimal place.) Actual 2017 Actual 2018 Actual 2019 Industry average 2019 1.2 Ratio Quick ratio 1.0 0.9 1.3 (Round to Click to select your answer(s). Actual Actual Actual 2019 Industry average 2019 Ratio 2017 2018 Inventory turnover (times) 5.2 5.0 5.3 10.2 (Round to one decimal place.) Actual Actual 2017 Actual 2019 Industry average 2019 Ratio 2018 Average collection period 50.7 days 55.8 days 58.0 days 46.0 days (Round to one decimal place.) Actual Actual Actual Industry average 2019 Ratio 2017 2018 2019 Click to select your answer(s). ? Ratio 2017 2018 2019 2019 Total asset turnover (times) 1.5 1.5 1.6 2.0 (Round to one decimal place.) Actual Actual 2018 Actual 2019 Industry average 2019 Ratio 2017 Debt ratio 45.8 54.3% 57% 24.5% (Round to one decimal place.) Actual 2017 Actual 2018 Actual 2019 Industry average 2019 Ratio Times interest earned ratio 2.2 1.9 1.6 2.5 (Round to J.-.-.- Click to select your answer(s). ? Actual Actual 2018 Actual 2019 average 2019 Ratio 2017 Gross profit margin 27.5% 26.0% 27% 26.0% (Round to one decimal place.) Actual 2017 Actual 2018 Actual 2019 Industry average 2019 Ratio Net profit margin 1.04% 0.94% 0.71 % 1.14% (Round to two decimal places.) Actual Actual 2017 Actual 2019 Industry average 2019 Ratio 2018 Return on total assets (ROA) 1.6% 1.4% (1.2% 2.3% (Round to Click to select your answer(s). ? Actual Actual Actual average 2019 Ratio 2017 2018 2019 3.0% 3.2% 2.7 % 3.1% Return on common equity (ROE) (Round to two decimal places.) Actual Actual Actual 2019 Industry average 2019 Ratio 2017 2018 Pricelearnings (P/E) ratio 33.5 38.7 34.5 43.4 (Round to one decimal place.) Actual Actual Actual Industry average 2019 Ratio 2017 2018 2019 Market/book (M/B) ratio 1.00 1.10 1.3 1.20 (Round to hun danimal Click to select your answer(s). ? Actual Actual Actual average 2019 Ratio 2017 2018 2019 3.0% 3.2% 2.7 % 3.1% Return on common equity (ROE) (Round to two decimal places.) Actual Actual Actual 2019 Industry average 2019 Ratio 2017 2018 Pricelearnings (P/E) ratio 33.5 38.7 34.5 43.4 (Round to one decimal place.) Actual Actual Actual Industry average 2019 Ratio 2017 2018 2019 Market/book (M/B) ratio 1.00 1.10 1.3 1.20 (Round to hun danimal Click to select your answer(s). ? b. Analyze the firm's current financial position from both a cross-sectional and a time-series viewpoint. Break your analysis into evaluations of the firm's liquidity, activity, debt, profitability, and market. Liquidity: (Select all the choices that apply.) A. The liquidity trend is upward and is much higher than the industry average. This is an unfavorable position, since it indicates too much inventory. B. The current ratio is lower than the industry average. C. The firm has sufficient current assets to cover current liabilities. D. The quick ratio has been decreasing over time. Activity: (Select all the choices that apply.) A. The total asset turnover ratio is stable but significantly higher than the industry average. This indicates that the sales volume is sufficient for the amount of committed assets. Click to select your answer(s). Activity: (Select all the choices that apply.) O A. The total asset turnover ratio is stable but significantly higher than the industry average. This indicates that the sales volume is sufficient for the amount of committed assets. B. The total asset turnover ratio is stable but significantly lower than the industry average. This indicates that the sales volume is not sufficient for the amount of committed assets. C. The inventory turnover is stable but much lower than the industry average. This indicates the firm is holding too much inventory. D. The average collection period is increasing and much higher than the industry average. These are both indicators of a problem in collecting payment. Debt: (Select all the choices that apply.) A. The times-interest-earned ratio also indicates a potential debt service problem. The ratio is decreasing and is far below the industry average. Click to select your answer(s). Debt: (Select all the choices that apply.) A. The times-interest-earned ratio also indicates a potential debt service problem. The ratio is decreasing and is far below the industry average. B. Typically industries with heavy capital investment and higher operating risk try to minimize financial risk. Martin Manufacturing has positioned itself with both heavy operating and financial risk. C. The debt ratio has increased and is substantially higher than the industry average. This indicates that the timing of the firm's payments does not match that of its collections. D. The debt ratio has increased and is substantially higher than the industry average. This places the company at high risk. Profitability: (Select all the choices that apply.) A. The high financial leverage has caused the low profitability. Click to select your answer(s). Profitability: (Select all the choices that apply.) A. The high financial leverage has caused the low profitability. B. When the gross profit margin is within expectations but the net profit margin is too low, high interest payments may be to blame. C. The net profit margin is deteriorating and far below the industry average. D. The gross profit margin is stable and quite favorable when compared to the industry average. Market: (Select all the choices that apply.) A. The book value of the firm's shares is too low compared to their market price. B. The weak market price of the 's common sto indicates a belief by m rtin's ability to earn future profits faces more and increasing uncertainty as perceived by the market. I C. The market price of the firm's common stock shows weakness relative to both earnings and book value Click to select your answer(s). ? Market: Select all the choices that apply.) A. The book value of the firm's shares is too low compared to their market price. B. The weak market price of the firm's common stock indicates a belief by the market that Martin's ability to earn future profits faces more and increasing uncertainty as perceived by the market. C. The market price of the firm's common stock shows weakness relative to both earnings and book value. D. The market price of the firm's preferred shares is high compared to that of the industry. c. Summarize the firm's overall financial position on the basis of your findings in part (b). (Select all the choices that apply.) A. Despite the problems that the company is facing, investors seem to be oblivious to these issues. B. Martin Manufacturing's sales are not at an appropriate level for its capital investment. Click to select your answer(s). c. Summarize the firm's overall financial position on the basis of your findings in part (b). (Select all the choices that apply.) A. Despite the problems that the company is facing, investors seem to be oblivious to these issues. B. Martin Manufacturing's sales are not at an appropriate level for its capital investment. C. Martin Manufacturing clearly has a problem with its inventory level. D. The firm has acquired a substantial amount of debt which, due to the high interest payments associated with the large debt burden, is depressing profitability. Click to select your answer(s)
