Table 3.2 Dana Daisy Products K Industry Ratios Actual 2018 Actual 2019 10 0.75 30 days 23 days Average Current ratio Quick ratio Average collection period Inventory tumover Debt ratio Times interest eamed Gross profit margin Net profit margin 1.0% Retum on total assets 2.9% Retum onequity= 8.2 136% Income Statement Dana Dairy Products For the Year Ended December 31, 2019 Sales revenue $100.000 Less Cost of goods sold 87 000 Gross profits $ 13.000 Less Operating expenses 11.000 Operating profits $ 2.000 Less Interest expense FOO Net profits before taxes $ 1,500 Less Taxes (40) Netradits alles taxes BaldiveSheet Dana Dry Products December 31, 2019 AR Net prob e Balances Da Da P $100 8900 4350 Total curren $14250 $35,000 13 250 Accumulated depreciatio Net tixed Total as 21,70 $36,000 Llabilities & Stockholders' Equity Accounts payable Accruals Total current liabilities Long-term debt Total liabilities Common stock Retained eamings Total stockholders equity Total liabilities & stockholders equity $ 9,00 6,675 $15,675 124 125 $19,800 1,000 15,200 $16.200 $36.000 Since 2018, the liquidity of Dana Dairy Products ...... (See Table 3.2) has deteriorated has remained the same has improved is not determinable