please answer the following

2018 $ 125,000 Cash $375,000 Accounts receivable 550.000 Inventory $1,050,000 Total current assets Grossfixed assets 2,750,000 Accumulated depreciation (1,200,000) Net fixed assets $ 1.550.000 TOTAL ASSETS $2,600,000 Debt (Liabilities, and Equity Accounts payable $ 150,000 Short-term notes Total current liabilities $ 300,000 Long-term debt 600.009 Total debt $ 900,000 Common stock $ 900,000 Retained earnings 800.000 Total owners' equity $ 1.700.000 TOTAL DEBT AND EQUITY $ 2,600,000 Income Statement for the Year ending December 31, 2018 Sales $ 1,450,000 Cost of goods sold 1850,000) Gross profits $ 600,000 Operating expenses 1240,000) Operating profits $360,000 Interest expense Protis before taxes 5 295,000 1118.000 Ne profis Indurne Norm 5 dl ciel blatements 6 E AA I Income Statement for the Year ending December 31, 2018 Sales $ 1,450,000 Cost of goods sold (850,000 Gross profits $ 600,000 Operating expenses 1240,000 Operating profits 360,000 Interest expense 16.000 Profits before taxes S 296,000 Taces 1118.000 Net profits 18.000 Industry Norms Current radio 3.25 Retum on assets 15.05 Operating profit margin 20:04 Total se turnover 0.35 Debtractic 020 Retum an equity 904 Using the data for 2018 and the industry norms, compute the financial ratios that were discussed in this chapter (current ratio, return on assets, operating profit margin, total asset turnover.debt ratio and return on equitu). Is Maness Corporation more or less liquid than the average company in the industry? Is the company doing a good job of earning a return on its assets? Explain