Sandhill Consumer Products Company Income Statement Net sales $68,240 Cost of products sold 23,750 Gross profit $44,490 Marketing, research, administrative expense 15,800 Depreciation 650 Operating income (loss) $28,040 Interest expense 1,100 Earnings (loss) before income taxes $26,940 Income taxes Net earnings (loss) 8,185 $18,755 Sandhill Consumer Products Company Balance Sheet Assets: Liabilities and Equity: Cash and marketable securities $4,550 Accounts payable $4,410 Investment securities 470 Accrued and other liabilities 6,500 Accounts receivable 3,420 Taxes payable 2,810 Inventory 3,570 Debt due within one year 6,915 Deferred income taxes 960 Total current liabilities $20,635 Prepaid expenses and other receivables 1,680 Long-term debt 11,215 Total current assets $14,650 Deferred income taxes 2,590 Property, plant, and equipment, at cost 31,194 Other noncurrent liabilities 2,500 Less: Accumulated depreciation 9,557 Total liabilities $36,940 Net property, plant, and equipment $21,637 Convertible class A preferred stock 1,294 Net goodwill and other intangible assets 27,900 Common stock 2,500 Other noncurrent assets 2,390 Retained earnings 25,843 Total stockholders' equity $29,637 Total assets $66,577 Total liabilities and equity $66,577 Calculate all the ratios listed below for Sandhill, for which industry figures are available. (Round current ratio, quick ratio, debt ratio, long term debt ratio answers to 2 decimal places, e.g. 12.25 and other answers to 1 decimal place, e.g. 12.5 or 12.5%.) Ratio Current ratio Industry Average 2.05 Quick ratio 0.78 times times Gross margin 23.9 % % Net profit margin 12.3 % % Debt ratio 0.23 times Long-term debt to equity 0.98 times Interest coverage 5.62 times Return on assets 5.3 % % Return on equity 18.8 % %