ORANGE CO Balance Sheet 31/12/2021 Assets Cash Accounts receivables (A/R) Amount 11,00 17,050 Inventories 41.000 Total current assets 69,150 Gross fixed assets 200,000 Less: Accumulated depreciation 65,000 Net fixed assets 135,000 Total assets 204,150 Liabilities and Stockholders' Equity Accounts payable (A/P) 28,500 Notes payable 9.000 Total current liabilities 37,500 Retained earnings Long term debts Common stock Total stock holders' equity Total liabilities and stockholders' equity A- Calculate and evaluate the following ratios against the industry ratios: Ratio 1. Quick ratio 2. Inventory turnover ratio. 3. Debt-equity ratio. 4. Times interest earned. 5. ROA 6. ROE Industry ratio 1.2 5.2 times 0.5 6 times 10.8% 18% 75,000 50,000 41,650 91,650 204.150 ORANGE CO Balance Sheet 31/12/2021 Assets Cash Accounts receivables (A/R) Amount 11,00 17,050 Inventories 41.000 Total current assets 69,150 Gross fixed assets 200,000 Less: Accumulated depreciation 65,000 Net fixed assets 135,000 Total assets 204,150 Liabilities and Stockholders' Equity Accounts payable (A/P) 28,500 Notes payable 9.000 Total current liabilities 37,500 Retained earnings Long term debts Common stock Total stock holders' equity Total liabilities and stockholders' equity A- Calculate and evaluate the following ratios against the industry ratios: Ratio 1. Quick ratio 2. Inventory turnover ratio. 3. Debt-equity ratio. 4. Times interest earned. 5. ROA 6. ROE Industry ratio 1.2 5.2 times 0.5 6 times 10.8% 18% 75,000 50,000 41,650 91,650 204.150