S&S Air Inc. Income Statement
Sales	R15444 000
Cost of goods sold	10 884 000
Other expenses	1 845 600
Depreciation	504 000
EBIT	R 2 210 400
Interest	277 800
Taxable income	R 1 932 600
Taxes (40%)	773 040
Net income	R 1159 560
Dividends	R347 868
Add to retained earnings	R811 692

S&S Air, Inc. Balance Sheet
Assets	Liabilities & Equity
Current assets			Current liabilities
Cash	R 280 800		Accounts payable	R 596 500
Accounts receivable	505 200		Notes payable	1 207 100
Inventory	566 400
Total current assets	R1 352 400		Total current liabilities	R 1 803 600
Fixed assets			Long-term debt	R 3 114 000
Net plant and equipment	R8673 600		Shareholder equity
			Common stock	R 120 000
			Retained earnings	R 4 988 400
			Total equity	R 5 108 400
Total assets	R10026 000		Total liabilities & equity	R10026 000

The financial ratios are calculated as follows:

Current ratio = 0.75 times

Quick ratio = 0.44 times

Cash ratio = 0.16 times

Total asset turnover = 1.54 times

Inventory turnover = 19.22 times

Receivables turnover = 30.57 times

Total debt ratio = 0.49 times

Debt-equity ratio = 0.96 times

Equity multiplier = 1.96 times

Times interest earned = 7.96 times

Cash coverage = 9.77 times

Profit margin = 0.0751 or 7.51%

Return on assets = 0.1157 or 11.57%

Return on equity = 0.2270 or 22.70%

Please give brief interpretation of each of the above ratios as well as your overall impression of the company?