Parker Corporation is a machinery manufacturing company located in Morganton, NC, USA. The company's management wanted to evaluate their financial performance by applying key financial ratios.

a) Using the latest financial statements (Table1) calculate the following performance measures:(0.5 pts each)

1-Current ratio

2-Quick ratio

3-Days' sales in receivables

4-Total asset turnover

5-Debt ratio

6-ROE

7-Price-earnings ratio

b) Interpret the results by comparing it with the industry average (Table 2) (3.5 pts)