The financial information for Roger Inc. is given below: Industry Average 20% 350 days 67% 30 Current Quick Days sales outstanding Inventory turnover Total assets tumor Profit margin RON ROE Total dett/total assets Calculation is based on a day you 90% 600% Balance Sheet as of December 31, 2008 in Thousands) Cash $ 77,500 Accounts payable $129,000 Receivables 336.000 Notes payable 84.000 Inventories 241500 Other current liabilities 117000 Total current assets $655,000 Total current liabilities $330,000 Long-term debe 256,500 Net fixed assets 292.500 Common equity 361,000 Total assets $947.500 Total liabilities and equity $947.500 Income Statement for Year Ended December 31, 2008 in Thousands) Sales $1,607,500 Cost of goods sold Materials $ 717000 Labor 453,000 Heat, light, and power 68 DOO Indirect labor 113,000 Depreciation 41.500 1,392,500 Gross profit 5 215,000 Selling expenses 115.000 General and administrative expenses 30.000 Eamings before interest and taxes (EBIT) $70,000 Interest expense 24,500 Eamings before wes (EBT $ 45,500 Federal and state income taxes (407) 18.200 Net income 22.00 1 + set a. Calculate the debt management and asset management ratios for Roger Ine. b. Outline Roger's strengths and weaknesses as revealed by your analysis. You only have to focus on debt manageme management areas of business performance. c. Calculate ROE using du-pont equation for the firm and Industry (make table). Conduct Du-pont analysis by comparing the ROE of firm with the industry