Please help!
Joseph Berio is a loan officer with the First Bank of Tennessee. Red Brick, Inc., a major producer of masonry products, has applied for a short-term loan. Red Brick supplies building material throughout the southern states, with brick plants located in Tennessee, Alabama, Georgia, and Indiana. The firm's income statement and balance sheet are given below. The third table presents both a ratio analysis of Red Brick's previous year's financial statements and the industry averages of the ratios.
\begin{tabular}{lcc} & \begin{tabular}{c} Company's Ratios \\ (Previous Year) \end{tabular} & \begin{tabular}{c} Industry \\ Average \end{tabular} \\ \hline Current ratio & 2.2:1 & 2.0:1 \\ Quick ratio & 0.7:1 & 0.9:1 \\ Inventory turnover & 3.4 & 4.6 \\ Average collection period & 61 days & 50 days \\ Debt ratio (debt/total assets) & 28% & 42% \\ Times-interest-earned & 6.7 & 3.9 \\ Return on equity & 26.1% & 14.2% \\ Return on assets & 15.2% & 10.4% \\ Operating profit margin & 17.2% & 15.2% \\ Net profit margin & 14.3% & 8.9% \\ \hline \end{tabular} help decide whether to grant the loan, compute the following ratios and compare the results with the company's previous year ratios and industry averag issume there are 365 days in a year. Do not round intermedlate calculations. Round your answers to two decimal places. current ratio of Quick ratio of Inventory turnover ratio of Average collection period of Debt ratio of Times interest-eamed ratio of Times interestreamed natio of Return on equity ratio of Return on assets ratio of operatine profit margin ratio of Net profit margin ratio of times is limes is: the industry average and the industry average and the industry average and the Industry average and the ratio in the previous yeat. the ratio in the previous year. the ratio in the previous year. the ratio in the previous year. the ratio in the previous year. the industry average and the ratio in the previous year. the industry average and the ratio in the previous year. the industry average and the ratio in the previous year. the industry averege and the ratio in the previous year. the fatio in the previove yeas: Joseph Berio is a loan officer with the First Bank of Tennessee, Red Brick, Inc, a major producer of masonry products, has applied for a short-term loan. Red Brick supplies bulding material throughout the southern states, with brick plants located in Tennessee, Alabama, Georgia, and Indiana. The firm's income statement and balance sheet are given below. The third table presents both a ratio analysis of Red Brick's previous year's financial statements and the industry averages of the ratios. Red Brick Balance Sheet as of 12/31/20x2 "gots di ales we on crest. t Premenut vear's invetery ians $70,700,000
