The following are the financial statements for Nederland Consumer Products Company for the fiscal year ended September 30, 2013. Nederland Consumer Products Company Income Statement for the Fiscal Year Ended September 30, 2013 Net sales $51,407 Cost of products sold 25,076 Gross margin $26,331 Marketing, research, administrative exp. 15,746 Depreciation 758 Operating income (loss) $9,827 Interest expense 477 Earnings (loss) before income taxes $9,350 Income taxes 2,869 Net earnings (loss) $6,481 Nederland Consumer Products Company Balance Sheet as of September 30, 2013 Assets: Liabilities and Equity: Cash and marketable securities $5,469 Accounts payable $3,617 Investment securities 423 Accrued and other liabilities 7,689 Accounts receivable 4,062 Taxes payable 2,554 Total inventories 4,400 Debt due within one year 8,287 Deferred income taxes 958 Prepaid expenses & other receivables 1,803 Total current assets $17,115 Total current liabilities $22,147 Property, plant, and equipment, at cost 25,304 Long-term debt 12,554 Less: Accumulated depreciation 11,196 Deferred income taxes 2,261 Net property, plant, and equipment $14,108 Other non-current liabilities 2,808 Net goodwill & other intangible assets 23,900 Total liabilities $39,770 Other non current assets 1,925 Convertible Class A preferred stock 1,526 Common stock 2,141 Retained earnings 13,611 Total stockholders equity (deficit) $17,278 Total assets $57,048 Total liabilities and equity $57,048 Calculate all the ratios, for which industry figures are available below, for Nederland 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. 15.25 and other answers to 1 decimal place, e.g.15.5 or 15.5%.) Industry Average Ratio Current Ratio 2.05 ? times; Quick Ratio 0.78 ? times; Gross margin 23.9 % ? %; Net profit margin 12.3 % 12.61 %; Debt ratio 0.23 ? times; Long-term debt to equity 0.98 ? times; Interest coverage 5.62 ?; ROA 5.3 % ? % ; ROE 18.8 % 37.51 %