The income statement and balance sheet for ALDA, Inc. are provided below. (Note that the reported figures are expressed in thousands of dollars). ALDA, INC. Balance Sheets as of December 31, 2018 and 2019 (in 000s) 2018 2019 2018 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 250 $ 350 Accounts payable $ 500 $ Accounts receivable 500 490 Notes payable 900 Inventory 750 960 2019 900 700 Total $ 1,500 $ 1,800 Total $ 1,400 $ 1,600 $ 400 $ 200 Long-term debt Owners' equity Common stock Accumulated retained earnings $ 200 $ 235 Fixed assets 500 965 Net plant and equipment $ 1,000 $ 1,200 Total Equity $ 700 $ 1,200 Total assets $2,500 $3,000 Total liabilities and owners' equity $2,500 $ 3,000 ALDA, INC 2019 Income Statement (in 00s) Sales $ Cost of goods sold Depreciation 2,500 1,600 50 EBIT Interest paid $ 850 65 Taxable income Taxes $ 785 165 Net income $ 620 ALDA, INC. 2019 Income Statement (in 000s) Sales $ Cost of goods sold Depreciation 2,500 1,600 50 A EBIT Interest paid 850 65 Taxable income Taxes $ 785 165 Net income $ 620 155 Dividends Retained earnings 465 Requirement #1: Calculate each of the following ratios for ALDA Inc. for 2019 only and complete the table below. (Do not round intermediate calculations. Round your answers to 4 decimal places (e.g., 0.9173 or 2.1648). Input profit margin, return on assets, and return on equity as percentages (e.g., if the Profit Margin = 0.1576, Input your answer as 15.76), 2019 Industry Average a. Current ratio 1.1250 times 1.0478 b. Quick ratio 0.5250 times 0.3621 c. Total asset turnover 0.8333 times 0.8117 d. Inventory turnover 1.6667 times 1.5656 e. Total debt ratio 0.5333 times 0.5463 f. Equity Multiplier 2.5000 2.2040 g. Times interest earned ratio 13.0769 times 9.6172 h. Profit margin 38.40% 31.58% i. Return on assets 28.33% 25.63% j. Return on equity 51.67% 56.50%