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Please assist to answer J Income Statement For The Year Ended 31 December 2018 ($000) Net Sales Cost of goods sold Gross prot Operating expenses

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J Income Statement For The Year Ended 31 December 2018 ($000) Net Sales Cost of goods sold Gross prot Operating expenses Net operating income Interest expenses Earnings before taxes Income taxes EARNINGS AFTER TAXES Industry Average Ratios Current ratio 2.55 x Inventory turnover Quick ratio 1.70 x Average collection period Debt ratio 76% Net prot margin Time interest earned 2.5 x Return on equity a) Compute the above-indicated ratios for DEL INC. 102,000 176.0001 26.000 [18.0001 8.000 6.000 (2,400! 3 . 6x 63 days 4.5% 1 9.5% b) b) Evaluate the overall performance of the company as compared to the industry average ratios

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