Task: Review the ratios below and answer the questions. Alvin's Island shop sells beach accessories in Panama City, FL. Help the owner to interpret the financial ratios and compare the performance of his shop to the other beach shops in the industry within the state of Florida. 1. Fill out the column Who is doing better (0.1 per ratio; 1 point) 2. Explain your choice. Do not forget about the interpretation rules (0.2 per ratio; 2 points) 3. Write a conclusion about the shop's overall performance compared to the industry (2 points) Alvin's Industry Who is doing better? Explanation Island Company or Industry Current Ratio 1.93:1 1:58:1 Quick Ratio 0.47:1 0.52:1 Debt Ratio 0.54:1 0.50: 1 Debt to Net Worth 3.40:1 3.60:1 Average Inventory Ratio 2.4 3.1 32 17 Average Collection Period Ratio 68 26 Average Payable Period Ratio Net Profit to Equity Ratio 18.9% 15.3% Net Profit on Sales 4.5% 2.8% Net Sales to Assets 2.34% 1.9%