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The 2019 Industry Averages for the Current Ratio, Total Asset Turnover, Total Debt Ratio, Net Profit Margin, and Return on Equity are provided in the

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The 2019 Industry Averages for the Current Ratio, Total Asset Turnover, Total Debt Ratio, Net Profit Margin, and Return on Equity are provided in the table below in addition to ratios for Eastern Industrial Supply. Eastern Ratio Industry Average Industrial Supply Current 1.92X 2.25X Ratio Total Asset 1.42 1.39 Turnover Total Debt 0.50 0.53 Ratio Net Profit 10.03% 12.43% Margin Return on 28.49% 36.76% Equity Using the information below, determine whether Eastern Industrial Supply is above average or below average with respect to each of the following areas of financial performance. 1. Asset Use Efficiency 2. Operating Efficiency 3. Liquidity 4. Shareholder Return 5. Financial Leverage Be sure to label the answer blank accordingly to clearly indicate the area of financial performance (asset use efficiency, operating efficiency, liquidity, shareholder return, or financial leverage) you are addressing the firm's performance. Market-Based Ratios are not an addressed area here, but if they were an acceptable answer would be: "Market-Based Ratio: Above Average" Please note that if your answer is unclear, you will not receive credit for the

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