Part A: From the accompanying Balance Sheet and Income Statement for Jackson Corporation, prepare the following ratio calculations and discuss the results. Provide your interpretation of each ratio. Be sure to show all your work and details.

Profitability Ratios

Profit margin

Return on Assets

Return on Equity

Asset Utilization Ratios

Receivables turnover

Average collection period

Inventory turnover

Fixed asset turnover

Total asset turnover

Liquidity Ratios

Current ratio

Quic ratio

Debt Utilization Ratios

Debt to total assets

Times interest earned

Fixed charge coverage