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m Joseph Berio is a loan officer with the First Bank of Tennessee. Red Brick, Inc., a major producer of masonry products, has applied for

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Joseph Berio is a loan officer with the First Bank of Tennessee. Red Brick, Inc., a major producer of masonry products, has applied for a short-term loan. Red Brick supplies building material throughout the southern states, with brick plants located in Tennessee, Alabama, Georgia, and Indiana. The firm's income statement and balance sheet are given below. The third table presents both a ratio analysis of Red Brick's previous year's financial statements and the industry averages of the ratios. Red Brick Balance sheet as of 12/31/202 +80% of sales are on credit. + Previous year's inventory was $52,900,000. To help decide whether to grant the loan, compute the following ratios and compare the results with the company's previous year ratios and indus averages. Assume there are 365 days in a year. Do not round intermedlate calculations. Round your answers to two decimal places. Current ratio of times is the industry average and the ratio in the previous year. Quick ratio of the industry average and the ratio in the previous yeat. Inventory turnover ratio of the industry average and Average collection period of days is the industry average and the ratio in the prevlous year. Debt ratio of the industry average and the ratio in the previous year. Timestinterest-earned ratio of is the industry average and the ratio in the previous year. Return on equity ratio of the industry average and the ratio in the previous year. Return on assets ratio of the industry average and the ratio in the previous year. Operating profit margin ratio of the industry average and the ratio in the provious year. Net profit margin ratio of % is the industry average and the ratio in the previous yeat. Joseph Berio is a loan officer with the First Bank of Tennessee. Red Brick, Inc., a major producer of masonry products, has applied for a short-term loan. Red Brick supplies building material throughout the southern states, with brick plants located in Tennessee, Alabama, Georgia, and Indiana. The firm's income statement and balance sheet are given below. The third table presents both a ratio analysis of Red Brick's previous year's financial statements and the industry averages of the ratios. Red Brick Balance sheet as of 12/31/202 +80% of sales are on credit. + Previous year's inventory was $52,900,000. To help decide whether to grant the loan, compute the following ratios and compare the results with the company's previous year ratios and indus averages. Assume there are 365 days in a year. Do not round intermedlate calculations. Round your answers to two decimal places. Current ratio of times is the industry average and the ratio in the previous year. Quick ratio of the industry average and the ratio in the previous yeat. Inventory turnover ratio of the industry average and Average collection period of days is the industry average and the ratio in the prevlous year. Debt ratio of the industry average and the ratio in the previous year. Timestinterest-earned ratio of is the industry average and the ratio in the previous year. Return on equity ratio of the industry average and the ratio in the previous year. Return on assets ratio of the industry average and the ratio in the previous year. Operating profit margin ratio of the industry average and the ratio in the provious year. Net profit margin ratio of % is the industry average and the ratio in the previous yeat

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