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The following are the financial statements for Blossom Consumer Products Company for the fiscal year ended September 30, 2017. Blossom Consumer Products Company Income Statement

The following are the financial statements for Blossom Consumer Products Company for the fiscal year ended September 30, 2017.

Blossom Consumer Products Company Income Statement for the Fiscal Year Ended September 30, 2017
Net sales $67,430
Cost of products sold 17,950
Gross profit $49,480
Marketing, research, administrative expense 18,300
Depreciation 780
Operating income (loss) $30,400
Interest expense 350
Earnings (loss) before income taxes $30,050
Income taxes 9,120
Net earnings (loss) $20,930

Blossom Consumer Products Company Balance Sheet as of September 30, 2017
Assets: Liabilities and Equity:
Cash and marketable securities $4,570 Accounts payable $2,910
Investment securities 500 Accrued and other liabilities 6,500
Accounts receivable 4,560 Taxes payable 2,810
Inventory 4,440 Debt due within one year 7,415
Deferred income taxes 730
Prepaid expenses and other receivables 1,920
Total current assets $16,720 Total current liabilities $19,635
Property, plant, and equipment, at cost 30,604 Long-term debt 12,315
Less: Accumulated depreciation 9,217 Deferred income taxes 2,590
Net property, plant, and equipment $21,387 Other noncurrent liabilities 2,600
Net goodwill and other intangible assets 25,000 Total liabilities $37,140
Other noncurrent assets 1,440 Convertible Class A preferred stock 1,544
Common stock 2,450
Retained earnings 23,413
Total stockholders equity $27,407
Total assets $64,547 Total liabilities and equity $64,547

Calculate all the ratios, for which industry figures are available below, for Blossom and compare the firms ratios with the industry ratios. (Round current ratio, quick ratio, debt ratio, long term debt ratio answers to 2 decimal places, e.g. 12.25 and other answers to 1 decimal place, e.g.12.5 or 12.5%.)

Ratio Industry Average Blossom ratios
Current ratio 2.05 times
Quick ratio 0.78 times
Gross margin 23.9 % %
Net profit margin 12.3 % %
Debt ratio 0.23 times
Long-term debt to equity 0.98 times
Interest coverage 5.62 times
ROA 5.3 % %
ROE 18.8 % %

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