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Comprehensive Ratio Analysis The Jimenez Corporation's forecasted 2020 financial statements follow, along with some industry average ratios. Jimenez Corporation: Forecasted Balance Sheet as of December 31, 2020 $ 71,000 439,000 895,000 $1,405,000 431,000 $1,836,000 Assets Cash Accounts receivable Inventories Total current assets Fixed assets Total assets Liabilities and Equity Accounts payable Notes payable Accruals Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity $ 332,000 118,000 152,000 $ 602,000 403,990 575,300 254,710 $1,836,000 Jimenez Corporation: Forecasted Income Statement for 2020 Sales $4,290,000 Cost of goods sold 3,701,000 Selling, general, and administrative expenses 410,456 Earnings before interest and taxes (EBIT) $ 178,544 Interest expense 30,000 Earnings before taxes (EBT) $ 148,544 Taxes (25%) 37,136 Net income $ 111,408 Jimenez Corporation: Per Share Data for 2020 EPS $ 4.84 Cash dividends per share $ 0.95 P/E ratio 5.0 Market price (average) $24.22 Number of shares outstanding 23,000 Industry Ratiosa Quick ratio 1.0 Current ratio 2.7 Inventory turnoverb 7.0 Days sales outstanding 32.0 days Fixed assets turnoverb 13.0 Total assets turnoverb 2.6 Return on assets 9.1% Return on equity 18.2% Profit margin on sales 3.5% Debt-to-assets ratio 21.0% Liabilities-to-assets ratio 50.0% P/E ratio 6.0 Market/Book ratio 3.5 Notes: a Industry average ratios have been stable for the past 4 years. bBased on year-end balance sheet figures. CCalculation is based on a 365-day year. Calculate Jimenez's 2020 forecasted ratios, compare them with the industry average data, and comment briefly on Jimenez's projected strengths and weaknesses. Assume that there are no changes from the prior period to any of the operating balance sheet accounts. Do not round intermediate calculation. Round your answers to two decimal places. Firm Industry Ratios Quick ratio Current ratio Comment -Select- 1.0 2.7 -Select- Inventory turnover 7.0 -Select- days 32 days -Select- Days sales outstanding Fixed assets turnover Total assets turnover 13.0 -Select- 2.6 -Select- -Select- Return on assets % 9.1% Return on equity % 18.2% -Select- -Select- % 3.5% Profit margin on sales Debt-to-assets ratio % 21.0% -Select- Liabilities-to-assets ratio % 50.0% -Select- P/E ratio 6.0 -Select- 3.5 -Select- Market/Book ratio So, the firm appears to be e-Select-managed. -Select- badly well