Parker Corporation is a machinery manufacturing company located in Morganton, NC, USA. The company's management wanted to measure their performance compared to the Industry (Table 2). a) Using the latest financial statements, which is given below (Table1) calculate the following performance measures: 1- Current Ratio 2- Quick Ratio 3- Average Collection Period 4- Operating Return on Assets 5- Debt Ratio 6- ROE b) Interpret the results (refer to Table 2). Table 1: Financial Statements .. Parker Corporate Financial Statements For the year eaded December 31, 2020 Balance Sheet Income Statement Assets Cash $230,000 Sales all credit $9.000.000 Accounts receivable 400.000 Central goods sold (4.550.000) Inventory 550.000 Oontinense 13.150.000 129 minutes remaining Save and Close Submit B. Table 1: Financial Statements Parker Corporation Financial Statements For the year ended December 31, 2020 Rate Sheet Income Statement Kash $280.000 Sales fall credit 59.000.000 Acrone 400,000 Cost of goods sold 4.5SLO Inventory SSU, KOKO penting 1 SOO Needs 2250, Inst CON 5.4 MB The les (4 MB Net income 56700 Liabilities and it Accounts payable $200,000 Long-term Notes payable 450. Long-term dele 1,080.000 Owners Equiry 1.700.000 Total liabilities and owner's quity $3,430,000 Fans Per Share Market pricepere 35 Table 2 Industry Asep Industry Average 64 3.10 Ratio Curl Ratio Quick Ratio Amage Call Per Operating Remon Assets Debt Ratio BOL IN Durys 4096 435 40 1394 Show the steps of your solution by uploading an image of your handwritten calculations or by using your laptop keyboard (Don't use math editor) 128 minutes remaining Save and Close Submit M