Question 7 9 Points Parker Corporation is a machinery manufacturing company located in Morganton, NC, USA. The company's management wanted to measure their performance compared to the Industry (Table 2). a) Using the latest financial statements, which is given below (Table1) calculate the following performance measures: 1- Current Ratio 2- Quick Ratio 3- Average Collection Period 4- Operating Return on Assets 5- Debt Ratio 6- ROE b) Interpret the results (refer to Table 2). Table 1: Financial Statements Parker Corporation Financial Statements For the year ended December 31, 2020 Balance Sheet Income Statemat Cash Accounts receivable $210.000 400,000 550.000 2,250,000 $3.430.000 Sales (all credit) Cost of goods sold Operating expense Instepense Income taxes Net income Net fired Total assets $9.000.000 (4.550,000) 3.150.000 (200,000) (430,000) $620.000 Liabilities and unrequity Accounts payable Long-term Notes payable Long-term deht $200.000 450000 1.000 1,700.000 Farine Per Share 2.30 Owners' Equity Total liabilities and owner's equity $3,430.000 Market price per share - 35 Table 2: Industry Average Industry Average 64 3.10 Ratio Current Ratio Quick Ratio Average Collection Period Operating Return Assets Debt Ratio ROE 4096 40.33% Show the steps of your solution by uploading an image of your handwritten calculations or by using your laptop keyboard (Don't use math editor) Use the editor to format your