Question 6 (7 points) Presented below are liquidity and solvency ratios for Carmelo Industries, along with industry averages: Ratio 2019 2018 Industry Average Return on Assets 8.0% 7.0% 9.0% Current ratio 0.7:1 0.8:1 1.4:1 Profit Margin 4.8% 4.2 % 5.0% Debt to total assets 55% 48% 35% Inventory turnover 7.0 11.0 15.2 Receivables turnover 6.2 8.1 10.4 Times interest earned 2.0 4.8 8.5 age 4: 6 Page 5: REQUIRED: Analyze the company's liquidity, solvency, and profitability using the information presented. Present a conclusion on the liquidity, solvency and profitability identifying the ratios use for each to supported by your analysis. 0- Format BIU E DELL