turnover 5x Profit margin 3.75% ratio Times interest earned EBITDA coverage 7x 11.25% Return on total assets Inventory 9x Return on common 14.90% turnover equity Days sales 21 days Return on invested 13.50% outstandinga capital a Calculation is based on a 365-day year. Balance Sheet as of December 31, 2019 (Millions of Dollars) Cash and equivalents $ 85 Accounts payable $ 55 Accounts receivables 60 Other current liabilities 20 Inventories 185 Notes payable 45 Total current assets $ 330 Total current liabilities $ 120 Long-term debt 25 Total liabilities Gross fixed assets 240 Common stock 140 Less depreciation 70 Retained earnings 215 Net fixed assets $ 170 Total stockholders' $ 355 equity Total assets $ 500 Total liabilities and $ 500 equity liabilities : $ 145 $ $ % Income Statement for Year Ended December 31, 2019 (Millions of Dollars) Net sales $ 825.00 Cost of goods sold 690.00 Gross profit S 135.00 Selling expenses 73.50 EBITDA $ 61.50 Depreciation expense 12.00 Earnings before interest and taxes (EBIT) 49.50 Interest expense 5.50 Earnings before taxes (EBT) S 44.00 Taxes (25%) 11.00 Net income 33.00 a. Calculate the following ratios. Do not round intermediate calculations. Round your answers to two decimal places. Firm Industry Average Current ratio 2x Debt to total capital 16% Times interest earned 5x EBITDA coverage 7x Inventory turnover 9x Days sales outstanding days 21 days Fixed assets turnover 5x Total assets turnover 3x Profit margin % 3.75% Return on total assets % 11.25% Return on common 14.90% equity Return on invested % 13.50% capital b. Construct a DuPont equation for the firm and the industry. Do not round intermediate calculations. Round your answers to two decimal places. Firm Industry Profit margin % 3.75% Total assets turnover 3 x Equity multiplier %