$\backslash$table$[[$Current Assets,$2020,2021],[$Cash$,84,98],[$Accounts Receivable,$165,220],[$Inventory$,393,470],[$Total Current Assets,$642,788],[$Long$-$Term Assets$],[$Net Plant and Equipment,$2,731,3,000],[$Total Assets,$3,373,3,788],[$Accounts Payable,$312,400],[$Notes Payable $(<mn\; id="EditorElement\_105891">1</mn>$ Year$),231,196],[$Total Current Liabilities,$543,596]]$ Question $1$

Calculate the following ratios for both $2020$ and $2021.$ Please note the values you use for each ratio.

Notes:

Assume the values are for year end and thus do not need to be averaged.

Assume sales are all credit sales.

All profitability ratios should be expressed as percentages $\backslash$table$[[$Ratio$,2020,2021,\backslash$table$[[$Industry average $(2020-],[2021)]]],[$Profitability Ratios$],[$Return on Equity,Blank $1,$Blank $2,13\mathrm{.}0\%],[$Return on Captial,Blank $3,$Blank $4,10\mathrm{.}1\%],[$Net Profit Margin,Blank $5,$Blank $6,11\mathrm{.}0\%],[$Operating Profit Margin,Blank $7,$Blank $8,15\mathrm{.}2\%],[$Gross Profit Margin,Blank $9,$Blank $10,38\mathrm{.}20\%],[$Activity Ratios$],[\backslash$table$[[$Total Asset Turnover Ratio$],[($TAT$)]],$Blank $11,$Blank $12,2\mathrm{.}2],[\backslash$table$[[$Fixed Asset Turnover Ratio$],[($FAT$)]],$Blank $13,$Blank $14,8\mathrm{.}5]]\backslash$table$[[$Working Captial Ratio $($WC$),$Blank $15,$Blank $16,20],[$Inventory Turnover Ratio,Blank $17,$Blank $18,6\mathrm{.}43],[$Days of Inventory on Hand,Blank $19,$Blank $20,67\mathrm{.}31],[\backslash$table$[[$Accounts Receivable$],[$Collection $($days$)]],$Blank $21,$Blank $22,20\mathrm{.}03],[\backslash$table$[[$Accounts Payable Collection$],[($days$)]],$Blank $23,$Blank $24,40\mathrm{.}5],[$Solvency Ratios$],[$Leverage$,$Blank $25,$Blank $26,3\mathrm{.}2],[$Debt to Equity,Blank $27,$Blank $28,1\mathrm{.}1],[$Times Interest Earned Ratio,Blank $29,$Blank $30,7\mathrm{.}8],[$Current Ratio,Blank $31,$Blank $32,3\mathrm{.}82],[$Quick Ratio,Blank $33,$Blank $34,1\mathrm{.}7]]$