The Walton Corporations 2019 financial statements follow, along with some industry average ratios.

Walton	Corporation: Balance Sheet as of
	December 31, 2020
Assets
Cash	$ 72,000
Accounts receivable	4,39,000
Inventories	894,000
Total current assets	$ 1,405,000
Fixed assets	4,31,000
Total assets	$1,836,000
Liabilities and Equity
Accounts and notes payable	$ 432,000
Accruals	170,000
Total current liabilities	$ 602,000
Long-term debt	404,290
Common stock	575,000
Retained earnings	254,710
Total liabilities and equity	$1,836,000

Walton Corporation: Income Statement for 2020

Sales		$4,290,000
Cost of goods sold		3,580,000
Selling, general, and administrative expenses		370,320
Depreciation		159,000
Earnings before taxes (EBT)		$ 180,680
Taxes (40%)		72,272
Net income		$ 108,408
Per Share Data EPS	$ 4.71
Cash dividends per share	$ 0.95
P/E ratio	5
Market price (average)	$ 23.57
Number of shares outstanding	23,000

Industry Financial Ratios (2020)
Quick ratio	1.0
Current ratio	2.7
Inventory turnover	7.0
Total assets turnover	2.6
Return on assets	9.1%
Return on equity	18.2%
Debt ratio	50.0%
Gross Profit margin	20%
Net Profit margin	3.5%
P/E ratio	6.0
Questions (10):
Calculate Waltons 2020 ratios (Quick Ratio, Inventory turnover, ROE, Debt Ratio, Gross Profit Margin): interpret them and compare them with the industry average data, (Just write whether the ratio is better/worse than the industry average)