Martin Manufacturing Company Historical and Industry AverageRatios Actual Actual Actual Industry average 2012 2010 2011 2012 Ratio 1.5 1.8 1.7 Current ratio 1.2 0.9 1.0 Quick ratio 10.2 5.0 5.2 Inventory turnover (times) 46 days 50.7 days 55.8 days Average collection period 2.0 1.5 1.5 Total asset turnover (times 24.5% 54.3% 45.8% Debt ratio 2.5 1.9 2.2 Times interest earned ratio 26.0% 28.0% 27.5% Gross profit margin 1.2% 1.1% 1.0% Net profit margin 2.4% 1.5% 1.7% Return on total assets ROA) 3.2% 3.3% 3.1% Return on common equity (ROE) 43.4 387 33.5 Price/earnings (P/E)ratio 1.2 1.1 1.0 Market/book (M/B)ratio