Income Statement for Year End 2019 Balance Sheet for Year End 2019 Assets Cash and equivalents Net receivables Inventories Total current assets Liabilities 85,8 Accounts payable 50 72,6 Notes payable 50 174,9 Other current liabilities 23 333,3 Total current liabilities 122 Long-term debt 26 Total liabilities 149 247,5 85,8 Common stock 125 161,7 Retained earnings 221 Total stockholders' equity 347 495 Total liabilities and equity 495 Net sales Cost of goods sold Gross profit Selling expenses EBITDA Depreciation expense Earnings before interest and taxes (EBIT) Interest expense Earnings before taxes (EBT) Taxes (40%) Net income 800 660 140 75 65 12 53 5 48 19,2 28,8 Gross fixed assets Less depreciation Net fixed assets Total assets a. Calculate the relevant ratios for Company A b. Given the following industry average ratios (same industry where Company A operates), compare the company's ratios to the industry average ratios provided below: Current Ratio : 2x ROE: 12% Debt/Total Assets: 25% Profit margin: 3% Times Interest Earned: 6x EBITDA coverage: 8x Fixed Assets turnover: 6x ROA: 8%