Keystone Resources has a net profit margin of 8 percent and earnings after taxes of $2.0 million. Its current balance sheet is as follows: Current assets $6,000,000 Current liabilities $3,600,000 Fixed assets 10,000,000 Long-term debt 5,600,000 Total assets $16,000,000 Common stock 1,700,000 Retained earnings 5,100,000 Total liabilities and stockholders equity $16,000,000

Calculate Keystones return on stockholders equity. Round your answer to two decimal places. %

Industry average ratios are Net profit margin 7% Total asset turnover 2.1 times Equity multiplier 1.5 times

Compare Keystone's net profit margin, total asset turnover, and equity multiplier to these averages. Round your answers to two decimal places.

a.) Net profit margin of 8% is Higher, or Lower than the industry average?

b.) Total asset turnover of times is Higher, or Lower than the industry average?

c.) Equity multiplier of times is Higher, or Lower than the industry average?

d.) Overall Keystones return on equity is Higher, or Lower than the industry average and its level of financial risk is Higher, or Lower?

e.) Keystone has inventories of $3.2 million. Compute the firms quick ratio. Round your answer to two decimal places. times?